Holding(s) in Company

Holding(s) in Company

Gresham House plc

TR-1: Notifications of Major Interests in Shares

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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

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GRESHAM HOUSE PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

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PURCHASE

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

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An event changing the breakdown of voting rights

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Other (please specify):______________

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3. Full name of person(s) subject to notification obligation:

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ASSET VALUE INVESTORS LTD

4. Full name of shareholder(s) (Registered Holders)

1. Mellon Nominees – PRIF3417002 2. Chase Nominees – 54601 – (7.55%)

5. Date of transaction (and date on which the threshold is crossed or reached if different):

  8 OCTOBER 2010

6. Date on which issuer notified:

13 OCTOBER 2010

7. Threshold(s) that is/are crossed or reached:

5% 10%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares If possible use ISIN code

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Situation previous to the triggering transaction

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Resulting situation after the triggering transaction

Number of shares

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Number of voting rights

Number of shares

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Number of voting rights

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Percentage of voting rights

Direct

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Indirect

Direct

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Indirect

GB0003887287 Ordinary Shares

0

0

488,000

488,000

0

9.09%

0%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Â	Expiration date	Â	Exercise/ conversion period/date	Â	No. of voting rights that may be acquired (if the instrument exercised/converted)	Â	Percentage of voting rights
N / A		Â		Â		Â		Â

Total (A+B)
Number of voting rights	Â	Percentage of voting rights
488,000		9.09%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Proxy Voting:
10. Name of proxy holder:	Â	Â
11. Number of voting rights proxy holder will cease to hold:		Â
12. Date on which proxy holder will cease to hold voting rights:		Â

13. Additional information:	Â	Asset Value Investors acts as discretionary manager for all funds mentioned in 3.
14 Contact name:		Asset Value Investors Limited Daniel Sadler
15. Contact telephone name:		0207 647 2919