RNS Number:5140O
Gresham Hotel Group Plc
08 August 2003

Gresham Hotel Group Plc



08 August 2003



Re: Holding in Company



A letter from A&L Goodbody to the Irish Stock Exchange dated 08 August 2003,
received by the Irish Stock Exchange on the 08 August 2003.



Bank Hapoalim

Notification of the Acquisition of Interests



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



A&L Goodbody







08 August 2003



Dear Sirs,



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
disposal and acquisition 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 10% of the share capital
of the Company.  This notification is made following us releasing an equitable
charge over 4,188,893 Participating Preference Shares of Euro0.10 each and
13,663,500 Ordinary Shares of Euro0.10 each in the share capital of the Company and
taking of a legal mortgage 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
19,032,061 Ordinary Shares of Euro0.10 each in the capital of the Company.





Yours faithfully,











for and on behalf of

Notifier

Bank Hapoalim







This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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