RNS Number:9597T
Gresham House PLC
07 January 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Gresham House plc

2. Name of director

Nicholas James Rowe

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

As in 2 above

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Acquisition by way of exercise of Unapproved Share Options

7. Number of shares / amount of stock acquired

   10,000

8. Percentage of issued class

   0.21

9. Number of shares/amount of stock disposed


10. Percentage of issued class


11. Class of security

    Ordinary 25p

12. Price per share

    25p

13. Date of transaction

    6th January, 2004

14. Date company informed

    6th January, 2004

15. Total holding following this notification

    23,750

16. Total percentage holding of issued class following this notification

    0.5

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant


18. Period during which or date on which exercisable


19. Total amount paid (if any) for grant of the option


20. Description of shares or debentures involved: class, number


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


22. Total number of shares or debentures over which options held following this
notification


23. Any additional information


24. Name of contact and telephone number for queries

B J Hallett 020 7588 7352

25. Name and signature of authorised company official responsible for making
this notification

B J Hallett - Director & Company Secretary

Date of Notification

7th January, 2004

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.



                      This information is provided by RNS
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