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Gresham Computing (GHT)

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Monday 22 July, 2002

Gresham Computing

Stmnt re Share Price Movement

Gresham Computing PLC
22 July 2002

For Immediate Release                                              22 July 2002

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

                          Share Price Movement Comment

The Board of Gresham notes today's movement in the Group's share price and
significant volume of shares traded.

There has been recent speculation that Gresham is a potential takeover target.
The Board categorically states that Gresham is not involved in discussions with
any party regarding the takeover of the Group.

The Board of Gresham announces that it intends to release its results for the
six months ended 30 June 2002 in mid-September, when it will provide a full
trading update.

                                    - Ends -


Gresham Computing plc                                             01489 555 522
Andrew Walton Green, Chief Executive Officer
Dean Osman, Finance Director

KBC Peel Hunt                                                     020 7418 8990
Jonathan Marren, Corporate Finance

Weber Shandwick Square Mile                                       020 7950 2800
Tim Jackaman/Christian Taylor-Wilkinson

                      This information is provided by RNS
            The company news service from the London Stock Exchange