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Gresham Computing (GHT)

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Tuesday 17 July, 2001

Gresham Computing

Director's Sharedealings

Gresham Computing PLC
17 July 2001


                 Gresham Computing plc

                Director's Sharedealings

The   company   announces  today  the   following   share
transactions and options involving directors.

ORDINARY SHARES

On 17 July S J Green transferred by way of a gift 100,000
ordinary  share  of  5p each to Andrew  Walton-Green  and
50,000 ordinary shares each to the two children of Andrew
Walton-Green.

In  addition,  on 17 July, Andrew Walton-Green  purchased
10,000 ordinary shares in the company for 25p each.

As  a result of these transactions the interests of these
directors  in  the ordinary shares of the company  is  as
follows:

Mr  S  J  Green  has a beneficial interest  in  4,965,473
ordinary  shares of 5p each representing 11.266%  of  the
issued ordinary share capital.

Mr  A  J  S  Walton-Green  has a beneficial  interest  in
420,465 ordinary shares of 5p each representing 0.95%  of
the issued ordinary share capital.

SHARE OPTIONS

Options  held  by Dean Osman over 50,000 ordinary  shares
beneficially held by SJ Green were cancelled on 17  July.
SJ  Green  granted further options over  shares  that  he
beneficially holds as follows:

To  Andrew  Walton-Green options  over  250,000  ordinary
shares  at an exercise price of 25 pence per share  which
are exercisable from 18 July 2001 until 17 July 2006.
To  Dean Osman options over 100,000 ordinary shares at an
exercise   price  of  55  pence  per  share   which   are
exercisable from 18 July 2001 until 17 July 2004.

The  total options over ordinary shares (including  those
previously notified) now held by Andrew Walton-Green  and
Dean Osman are as follows:

Dean Osman
12,187  options over shares under the Company's  Save  As
You Earn Scheme.
205,000 options over shares under the Company's Executive
Share Option Schemes.
100,000  options over shares beneficially  held  by  S  J
Green.

Andrew Walton-Green
30,157  options over shares under the Company's  Save  As
You Earn Scheme.
557,897 options over shares under the Company's Executive
Share Option Schemes.
250,000 options over shares beneficially held by S J
Green.