The Directors of GPG Finance advise that the NZ$250 million offer of Capital Notes by GPG Finance closed on 11 September 2001 fully subscribed.

GPG announces that at its Extraordinary General Meeting held today at 3.00 pm all the Resolutions were passed.

Guinness Peat Group plc announces that at its EGM today all proposals were passed. These proposals related to the Issue of Capital Notes in New Zealand and also to the Company`s Employee Share Option Schemes.

PROPOSED NZ$250 MILLION CAPITAL NOTE ISSUE ("Capital Notes")

GPG announces that it has sold 26.7 million shares in Wrightson (19.9%) for NZ$26.7 million (£7.8m) and, as a result of the transaction, Wrightson has ceased to be an associated company within the Group.

Blake Nixon, UK Executive Director of Guinness Peat Group plc ("GPG") has written to Mr John Young, Chairman of Young & Co`s Brewery PLC ("Young"), proposing the privatisation of the non-family shareholdings.

Guinness Peat Group plc advises that the next interest payment of 2p per 8% Convertible Loan Note (2005) ("CLNs") (being the interest payment for the first half of 2001) fall due for payment on Monday, 2 July 2001.

Guinness Peat Group plc confirms that, following the allotments in respect of the Scrip Dividend Alternative and the Capitalisation Issue, the new number of shares in issue is now 535,231,089 (five hundred and thirty five million, two hundred and thirty one thousand, and eighty nine) Ordinary Shares of 10p each.

Guinness Peat Group plc has allotted 48,646,468 ordinary shares in the Company pursuant to the Capitalisation Issue, the terms of which were set out in the Circular dated 11 April 2001 sent to all shareholders of the Company ("the Circular").

Guinness Peat Group plc has allotted 10,089,977 ordinary shares in the Company (of which 1,294,013 ordinary shares relate to 1,574 holders on the Australian register) pursuant to the Scrip Dividend Alternative, the terms of which were set out in the Circular sent to all shareholders of the Company.

TEXT OF STATEMENT BY GUINNESS PEAT GROUP plc

GPG announces that it has appointed J B Were (New Zealand) Limited as Lead Manager to advise it in connection with a possible issue of capital notes to New Zealand investors.

In order to accommodate the different market practices of the London Stock Exchange ("LSE"), Australian Stock Exchange ("ASX") and New Zealand Stock Exchange ("NZSE"), being those markets on which GPG`s shares are quoted, the Company announces that payment of the dividend is proposed to be made on 14 May 2001.

Guinness Peat Group plc ("GPG") announces that yesterday it posted to the shareholders of Time Products plc ("Time Products") a Tender Offer document and Form of Tender offering to purchase (by the way of tender) up to 4,950,000 ordinary shares representing 11.8% of the issued share capital of Time Products (the "Tender Offer").

DEALINGS BY DIRECTORS

SALE FOR £100,000 OF OPTION OVER £33.9m MOTOR DIVISION ("THE OPTION")

Guinness Peat Group plc ("GPG") announced on 28 March 2001 a Tender Offer to purchase up to 4,950,000 ordinary shares of 10 pence each ("Shares") in Time Products plc ("Time Products") ("the Tender Offer").

Sir Ron Brierley, Chairman of Guinness Peat Group plc ("GPG") has today written to Sir John Egan, Chairman of Inchcape plc ("Inchcape"), proposing a number of measures to enhance shareholder value.

Blake Nixon, UK Executive Director of Guinness Peat Group plc ("GPG") has written to The Lord Daresbury, Chairman of De Vere Group plc ("De Vere"), proposing five resolutions for the forthcoming De Vere Annual General Meeting.

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