The final and definitive answer is that those who were in theatre and met the criteria (cant remember what it was) did get them - I was the poor sod that had to do all the Part 2 Orders and checking of details!
The chaps in Cyprus all got the Granby medal because the Crabs whinged at the time that not enough of them were going to get one - so 'they' increased the 'zone' so that Cyprus was included and all the scurrying little land crabs got decorated!
Our Battalion (1 Queen's) had two people with the medal - one who'd gone off to garrot arabs with piano wire with the SAS. The other was the outgoing RSM of 3 Queen's who was on his resettlement leave prior to commissioning. By his own admission, he spent the duration of the 'war' on a scuba diving course in Cyprus before joining us as MTO in Minden.