GHE: Gresham House plc: Portfolio update

  GHE: Gresham House plc: Portfolio update

UK Regulatory Announcement

LONDON

09 August 2013

                              GRESHAM HOUSE PLC

                      ("Gresham House" or the "Company")

                               Property update

The Board of Gresham House is pleased to announce that, in accordance with its
strategy of orderly realisation of the group’s assets, it completed the sale
of its site in Vincent Lane, Dorking to Persimmon Homes Limited for £2.95m on
7 August 2013 which has enabled the full repayment of the group’s borrowing to
the Royal Bank of Scotland plc.

In addition the lease to TT Assembly Systems (UK) Limited, a subsidiary of
Toyota Tsusho Corp, for the property known as Northern Gateway in Knowsley,
Liverpool was completed on 2 August 2013 and contracts are now with lawyers
for the sale of this investment.

Enquiries:

Gresham House plc
                                                       01489 570 861
Brian Hallett, Finance Director and Company Secretary
                                                        
Westhouse Securities Limited
                                                        020 7601 6100
Richard Johnson / Antonio Bossi

ENDS

Contact:

Gresham House plc
 
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