GHL Gresham Hotel

RNS Number:2424Z
Gresham Hotel Group Plc
31 May 2004

Gresham Hotel Group Plc



31 May 2004



Re: Holding in Company





A letter from Gresham Hotel Group Plc to the Irish Stock Exchange dated 28 May
2004,  received by the Irish Stock Exchange on the 28 May 2004.





Enclosed please find notification received form Matheson Ormsby Prentice in
relation to notifiable interest in the share capital of Gresham Hotel Group Plc.









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. of the Companies Act 1990.


             To:                             The Secretary,

                                             Gresham Hotel Group plc

                                             23 Upper O'Connell Street

                                             Dublin 1

                                             Ireland


             Date:                           28 May 2004


             From:                           Matheson Ormsby Prentice


             Persons making the              Precinct Investments Limited
             notification:
                                             51-52 Fitzwilliam Square

                                             Dublin 2

                                             Ireland;



                                             Bryan Cullen

                                             Gate Lodge

                                             Butterfield Avenue

                                             Rathfarnham

                                             Dublin 16*;



                                             John Joseph Murphy

                                             7 Slaney Woods Park

                                             Wexford;



                                             AND



                                             David Coleman

                                             Aravon Stables

                                             Ferndale Road

                                             Rathmichael

                                             Bray

                                             Co Wicklow



                                             (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  None.
             the Company of the Notifying
             Persons subsisting immediately
             before the acquisitions of the
             interests the subject of this
             notice.


             Notifiable interests disclosed. On 21 May 2004, Precinct Investments Limited received
                                             irrevocable undertakings to accept its proposed offers for the
                                             entire of the issued and to be issued share capital of the
                                             Company (the "Offers") from shareholders of the Company in
                                             respect of in aggregate 4,925,259 Ordinary Shares of Euro0.10 each
                                             in the share capital of the Company.



                                             On 21 May 2004, Precinct Investments Limited also received
                                             irrevocable undertakings to accept its appropriate proposal to
                                             option holders in connection with the Offers in respect of in
                                             aggregate options to subscribe for 1,885,000 Ordinary Shares of
                                             Euro0.10 each in the share capital of the Company.



                                             On 24 May 2004, Aurum Nominees Limited (A/c A01684) purchased
                                             400,000 Ordinary Shares of Euro0.10 each in the share capital of
                                             the Company for Bryan Cullen, John Joseph Murphy and David
                                             Coleman on behalf of Marblewood Investments Limited, a company
                                             in the process of being incorporated.




             Interests in relevant shares in 6,810,259 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 7,210,259 Ordinary Shares of Euro0.10 each
             the Company of Bryan Cullen
             subsisting immediately after
             the acquisitions of the
             interests the subject of this
             notice.


             Interests in relevant shares in 400,000 Ordinary Shares of Euro0.10 each
             the Company of John Joseph
             Murphy subsisting immediately
             after the acquisitions of the
             interests the subject of this
             notice.


             Interests in relevant shares in 400,000 Ordinary Shares of Euro0.10 each
             the Company of David Coleman
             subsisting immediately after
             the acquisitions of the
             interests the subject of this
             notice.













Signed:  Matheson Ormsby Prentice___________

Matheson Ormsby Prentice

Duly authorised agents of the persons making this notification.



Date:    28 May 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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