Re: Holding in Company

RNS Number:8608Z
Precinct Investments Ltd
17 June 2004

Precinct Investments Limited



Re: Holding in Company



A letter from Matheson Ormsby Prentice to the Irish Stock Exchange dated 16 June
2004, received by the Irish Stock Exchange on the 16 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:                           16 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 of  9,393,932 Ordinary Shares of Euro0.10 each.
             the Company of Precinct
             Investments Limited subsisting
             immediately before the
             acquisitions of the interests
             the subject of this notice.


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


             Notifiable interests of         By close of business on 15 June 2004, Precinct Investments
             Precinct Investments Limited    Limited had become interested in respect of in aggregate a
             disclosed.                      further 13,059,821 Ordinary Shares of Euro0.10 each in the share
                                             capital of the Company.


             Notifiable interests of Bryan   By close of business on 15 June 2004, Bryan Cullen had become
             Cullen disclosed.               interested in respect of in aggregate a further 12,659,821
                                             Ordinary Shares of Euro0.10 each in the share capital of the
                                             Company.


             Interests in relevant shares in 22,453,753  Ordinary Shares of Euro0.10 each.
             the Company of Precinct
             Investments Limited subsisting
             immediately after the
             acquisitions of the interests
             the subject of this notice.


             Interests in relevant shares in 22,453,753  Ordinary Shares of Euro0.10 each.
             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:    16 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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