Holding(s) in Company

Holding(s) in Company

Gresham House plc

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex For filings with issuer exclude the annex
TR-1: Notifications of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			Â	GRESHAM HOUSE PLC
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights					Â	PURCHASE
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached						Â
An event changing the breakdown of voting rights						Â
Other (please specify):______________						Â
3. Full name of person(s) subject to notification obligation:	Â	ASSET VALUE INVESTORS LTD
4. Full name of shareholder(s) (Registered Holders)		1. Mellon Nominees – PRIF3417002 2. Chase Nominees – 54601 – (7.56%)
5. Date of transaction (and date on which the threshold is crossed or reached if different):		  5 February 2011
6. Date on which issuer notified:		7 February 2011
7. Threshold(s) that is/are crossed or reached:		10%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares If possible use ISIN code

Â

Situation previous to the triggering transaction

Â

Resulting situation after the triggering transaction

Number of shares

Â

Number of voting rights

Number of shares

Â

Number of voting rights

Â

Percentage of voting rights

Direct

Â

Indirect

Direct

Â

Indirect

GB0003887287

525,500

525,500

538,000

538,000

0

10.02%

0%

Ordinary Shares

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
538,000		10.02%

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