Highlights for 2010

· Underlying revenues up 8% year on year;

· Adjusted EBITDA profit £0.6m (2009: £3.7m loss);

· Profit before tax £0.3m (2009: £7.7m loss);

· Profit after tax £0.6m (2009: £7.4m loss);

· Cash £3.1m (2009 £0.7m);

· Confirmed order book and pipeline strong going into 2011;

· Strong trading in the first two months of 2011;

· Management confident about continued improvement to trading and outlook; and

· Expect trading for 2011 to be materially ahead of market expectations.

Chris Errington, CEO of Gresham, commented:

"I am pleased with our performance in 2010 and am excited about our prospects for 2011, buoyed by strong trading so far in 2011 and a large confirmed order book. As a result of these improvements, we now expect trading for 2011 to be materially ahead of market expectations.

On the back of what is a strong profitable platform, we have established and staffed a new product development centre, charged with delivering new transaction and cash management processing software for both existing and new customers in the Bank to Bank and Bank to Corporate markets.

Our investment in product combined with improving financial performance across the business gives us great confidence in the future prospects of the Group."