FORM 8.1/8.3



IRISH TAKEOVER PANEL


Lodge with the Irish Stock Exchange (Company Announcements Office)
(which will publicise) and the Panel.


Date of disclosure: 12/12/03



DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH
       TAKEOVER PANEL ACT 1997, (TAKEOVER) RULES, 1997



Date of dealing: 11/12/03
Dealing in:      Gresham Hotel Group plc



(1) Class of securities (e.g. ordinary shares): Ordinary



(2) Amount bought   Amount sold   Price per unit
       20,000                        1.04 EUR





(3) Resultant total of the same class owned or              814,709
    controlled:
    (and percentage of class):                            (1.0249%) *



(4) Party making disclosure: * Bank of Ireland Group and its
                             Subsidiaries



(5) Either (a) Name of purchaser/ vendor: (Note 1)         J & E Davy

    Or     (b) If dealing for discretionary client(s),
               name of fund management organisation:



(6)  Reason for disclosure (Note 2)
 (a)   (i) offeror or associate of offeror (Note 3) N/A
      (ii) offeree or associate of offeree          N/A



   Specify which category or categories
   of associate ((a) to (l) page 3 /4):
   If category (l), explain:



 (b) Rule 8.3 (i.e. disclosure because of ownership or control of Yes
     1% or more of the class of relevant securities dealt in):



Signed, for and on behalf of the party named in (4) above:

(Also print name of signatory):     Nicola Krawczyk
                                    Bank of Ireland Group Compliance
Telephone and extension number:                       +353-1-6044127





Note 1. Specify owner, not nominee or vehicle company.  If relevant,
        also identify controller of owner, e.g., where an owner
        normally acts on instructions of a controller.
Note 2. Disclosure might be made for more than one reason; if so,
        state all reasons.
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree
        company or with an associate of any offeror or of the offeree
        company in relation to relevant securities, details of such
        arrangement must be disclosed, as required by Rule 8.7.
Note 5. It may be necessary, particularly when disclosing derivative
        transactions, to append a sheet to this disclosure form so
        that all relevant information can be given.
Note 6. In the case of an average price bargain, each underlying
        trade should be disclosed.
Note 7. Unless otherwise stated, references to Rules are to Rules in
        Part B of the Rules.


For full details of disclosure requirements, see Rule 8.  If in
doubt, consult the Panel.



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