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Interim Results for the 6 Months ended 30 June 2004

- Turnover up by 26% and losses reduced by 45%
-Excellent progress with the Cable & Wireless Real Time Nostro ("CWRTN") service
- Significant improvement in our Integration and Storage businesses
- Generally much improved market conditions
- Group funding position remains strong, with cash resources of £3.4m

Andrew Walton-Green, Chief Executive Officer of Gresham, commented:
"We have seen excellent progress with Cable & Wireless Real Time Nostro with the
addition of Citibank as a data provider and the closer relationship with SWIFT.
While we believe that revenues from the Nostro service will initially be
relatively small and take years to build to their full potential, we couldn't be
more pleased with the progress being made. We have also seen significant
improvements in Integration and Storage and expect this trend to continue."

Gresham develops and implements software solutions for banking, integration and
storage. Many of the world's most successful organisations choose Gresham to
help improve their competitive edge and bottom line performance in some of the
most challenging market sectors. These include financial services,
manufacturing, healthcare, utilities, telecommunications, and public services.