Gresham Hotel Group plc

Friday, 24 September 2004

 Gresham Hotel Group plc (“Gresham”)

On 2 July, 2004 the Panel announced that pending the outcome of an offer by Precinct Investments Limited (“Precinct”) it had decided to adjourn a preliminary hearing which had been scheduled for the purpose of investigating whether a concert party existed in relation to certain shareholdings in Gresham.

 Following the completion of the Precinct offer the Panel has now decided to cancel the preliminary hearing.

24 September, 2004