Issue of Equity

Gresham Computing PLC
27 June 2002


For immediate release                                            27 June 2002




                             GRESHAM COMPUTING PLC
                           ('Gresham' or the 'Group')


                          Issue of new ordinary shares


The company announces that following the exercise of warrants by Barclays Bank
plc to purchase 337,269 ordinary shares at a price of 29.65 pence per share,
337,269 new ordinary shares of 5p each have been issued today, taking the total
number of outstanding ordinary shares of 5p each to 46,980,313.



The new ordinary shares will rank pari passu in all respects with the existing
issued shares.   Application has been made to the UK Listing Authority to admit
the new ordinary shares.  Trading in the new shares is expected to commence on 2
July 2002.





For further information please contact:


Gresham Computing plc                                              01489 555522
Andrew Walton-Green, Chief Executive                  www.gresham-computing.com
Dean Osman, Finance Director


Weber Shandwick Square Mile                                      0207 950 2887
Tim Jackaman
Christian Taylor-Wilkinson












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