Re: Holding in Company

RNS Number:7528Z
Precinct Investments Ltd
14 June 2004

Precinct Investments Limited



14 June 2004



Re: Holding in Company



A letter from Matheson Ormsby Prentice to the Irish Stock Exchange dated 14 June
2004,  received by the Irish Stock Exchange on the 14 June 2004.



Notice of notifiable interest in relevant share capital of Gresham Hotel Group
plc (the "Company") in fulfilment of the obligation arising under Sections 67 et
seq. and Section 91 of the Companies Act 1990.


             To:                             The Secretary,
                                             Gresham Hotel Group plc
                                             23 Upper O'Connell Street
                                             Dublin 1
                                             Ireland.


                                             The Irish Stock Exchange
                                             Anglesea Street
                                             Dublin 2.


             Date:                           14 June 2004.


             From:                           Matheson Ormsby Prentice.


             Persons making the              Precinct Investments Limited
             notification:                   51-52 Fitzwilliam Square
                                             Dublin 2
                                             Ireland;

                                             AND

                                             Bryan Cullen
                                             Gate Lodge
                                             Butterfield Avenue
                                             Rathfarnham
                                             Dublin 16*.

                                             (together the "Notifying Persons").


                                             *Bryan Cullen is entitled to exercise the control of in excess
                                             of one third of the voting power of Precinct Investments Limited
                                             at general meetings of that body corporate.


             Interest in relevant shares     6,810,259 Ordinary Shares of Euro0.10 each.
             of the Company of Precinct
             Investments Limited subsisting
             immediately before the
             acquisitions of the interests
             the subject of this notice.


             Interest in relevant shares     7,210,259 Ordinary Shares of Euro0.10 each.
             of the Company of Bryan Cullen
             subsisting immediately before
             the acquisitions of the
             interests the subject of this
             notice.


             Notifiable interests disclosed. By close of business on 8 June 2004, the Notifying Persons had
                                             become interested in respect of in aggregate a further 2,583,673
                                             Ordinary Shares of Euro0.10 each in the share capital of the
                                             Company.


             Interests in relevant shares    9,393,932 Ordinary Shares of Euro0.10 each.
             in the Company of Precinct
             Investments Limited subsisting
             immediately after the
             acquisitions of the interests
             the subject of this notice.


             Interests in relevant shares    9,793,932 Ordinary Shares of Euro0.10 each.
             in the Company of Bryan Cullen
             subsisting immediately after
             the acquisitions of the
             interests the subject of this
             notice.











Signed:  _____________________________________
Matheson Ormsby Prentice
Duly authorised agents of the persons making this notification.



Date:    14 June 2004





This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.






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

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