Holding Under SAR5 - Replacement

Guinness Flight Geared Inc&Gwth Tst
17 January 2000


The issuer has advised that the announcement of Holding under SAR5 released on
the 13 January 2000 at 16.01 under the RNS No 7453d, was issued incorrectly
under the Company name of Guinness Flight Extra Income Trust Plc.
The announcement should have been released under the
correct Company name of Guinness Flight Geared Income & Growth Trust.

The full text shown below remains unchanged.


GUINNESS FLIGHT GEARED INCOME & GROWTH
ORDINARY 25P SHARES

Aberdeen Asset Managers Limited write to inform you that they sold 1,100,000
shares of the above company on the 12th January 2000, on behalf of discretionary
funds under management.

The total number of shares managed by Aberdeen Asset Managers Limited and its
associated companies is 2,287,893 shares representing 13.19% of the issued share
capital of that class (previously 19.53%).

Enquires:
Clair Gilmour
01224 631999 Ext. 5221