GPG
28/06/2010
GENERAL

REL: 0830 HRS Guinness Peat Group Plc

GENERAL: GPG: Demerger of GPG Australia & Restructure of GPG plc

GUINNESS PEAT GROUP PLC

ANNOUNCEMENT

The following announcement was released on the Australian Securities Exchange
on Friday 25 June 2010

"GPG notes the statement made earlier today by Tony Gibbs to the New Zealand
Stock Exchange.

The statement made by Mr Gibbs was not seen or approved by the board of GPG
prior to its release and therefore does not reflect the considered opinions
of the board of GPG.

The announcement and proposal GPG released to the ASX on 16 June 2010 (and
simultaneously to the London and NZ exchanges) was unanimously approved by
the board of GPG. Following release of that announcement, the board has
received a variety of preliminary responses to the announced proposal, albeit
detailed information important to assess the overall merits of the proposal
are still to be developed and released. While various details of the proposal
are still being worked through, the board is objectively reviewing
shareholder feedback before considering what modifications (if any) should be
incorporated into the proposal.

The sole focus of the board remains optimising value for all GPG
shareholders."

Chris Healy
Company Secretary
Guinness Peat Group plc
Tel: +44 20 7484 3370

25 June 2010
End CA:00196580 For:GPG Type:GENERAL Time:2010-06-28:08:30:11