RNS Number:5018J
Gresham Hotel Group Plc
01 April 2003

Gresham Hotel Group Plc

01 April 2003

Re: Holding in Company

A Letter from A&L Goodbody dated the 01 April 2003 to the Irish Stock Exchange,
received by the Irish Stock Exchange on the 01 April 2003.

Bank Hapoalim

Notification of the Acquisitions of Interests

Please find enclosed a copy of the letter of Bank Hapoalim notifying you of the
acquisition and disposal by Bank Hapoalim of interests in shares in the share
capital of Gresham Hotel Group Plc.



A&L Goodbody



31 March 2003



We, Bank Hapoalim B.M. acting through our London branch at 8/12 Brook Street,
London W1Y 1AA, England, (the Notifier)  hereby give you notice in compliance
with the provisions of Section 91(2) of the Companies Act, 1990 (the Act) of the
acquisition and disposal by us of interests in shares in the share capital of
Gresham Hotel Group Plc (the Company).

The percentage level as defined by Section 69 of the Act (referred to in Section
91(3) of the Act) to which this notification relates is 25% of the share capital
of the Company.  This notification is made following us taking a legal mortgage
over 5,369,101 Ordinary Shares of Euro0.10 each in the share capital of the
Company, releasing an equitable charge over 4,188,893 Participating Preference
Shares of Euro0.10 each and 5,369,101 Ordinary Shares of Euro0.10 each in the capital
of the Company and taking a new equitable charge over these shares on the date
hereof.  We now own or have an interest in 4,188,893 Participating Preference
Shares of Euro0.10 each and 19,032,601 Ordinary Shares of Euro0.10 each in the capital
of the Company (representing approximately 27.90% of the issued share capital of
the Company).

Yours faithfully,



For and on behalf of

Notifier


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