Product Update

Gresham Computing PLC
01 October 2002

1 October 2002

Embargoed until 7.00am


                              Gresham Computing plc
                                  ('Gresham')

Gresham reports that it was announced today at the SIBOS banking conference in
Geneva that a number of the world's major clearing banks, which collectively
account for a substantial share of the world's financial transactions have
joined a working group.  This working group will discuss the adoption of new
market practices for the delivery of real time information to the global
financial community.  Gresham will be working with this group of industry
experts to ensure that the Real Time Nostro service is designed to offer banks
an improved method of managing liquidity and reducing risk.

                                    - Ends -


For further information, please contact:

Weber Shandwick Square Mile                                       020 7950 2800
Christian Taylor-Wilkinson


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