GHL Gresham Hotel

RNS Number:0123A
Irish Takeover Panel
22 June 2004




                       Irish Takeover Panel Announcement

                      Gresham Hotel Group plc ("Gresham")



The Irish Takeover Panel (the "Panel") has decided to conduct a hearing under
section 11 of the Irish Takeover Panel Act, 1997 (the "Act") for the purposes of
further investigating whether Red Sea Hotels Limited and Whiterain International
Limited, and/or parties acting in concert with them, are acting in concert (as
defined in the Act) and as a consequence have acquired control (as defined in
the Act) of Gresham.

The Panel wishes to emphasise that no decision has yet been taken as to whether
or not any of these parties are acting in concert.


22 June, 2004



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

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