Options Granting

Gresham Computing PLC
25 July 2000


                  Gresham Computing plc


Gresham   Computing  plc  today  announces  that  557,897
options  over ordinary shares of 5p each at  an  exercise
price  of 36 pence  have been granted  to Andrew  Walton-
Green  (Chief  Executive) and that  80,000  options  over
ordinary  shares of 5p at an exercise price of  36  pence
have  been granted to Dean Osman (Finance Director) under
the  Company's 1998 executive share option scheme.   Both
executives have agreed to reimburse the Company  for  any
employers  national  insurance arising  at  the  date  of
exercise of the options.

Following  the  grant  of  these options  the  notifiable
interests of the two directors are as follows:

Andrew  Walton-Green  holds  a  notifiable  interest   of
210,465 ordinary shares representing 0.48% of the  issued
ordinary   shares  held  in  his  wife's   name,   42,525
preference  shares  also  held in  his  wife's  name  and
557,897 options over ordinary shares.

Dean  Osman holds a notifiable interest of 5,942 ordinary
shares  representing 0.013% of the issued share  capital,
options  over a total of 205,000 ordinary shares  granted
under  the  Company's  executive  share  option  schemes,
12,187  options granted under the Company's Save  As  You
Earn  Scheme and options over 50,000 ordinary shares held
by SJ Green.