Market Maket Holding

GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST
27 October 1999


Publication of Market Maker Holding under Rule 4.61

Name of company:              Guinness Flight Geared Inc & Growth Trust

Relevant security:            New Geared Inc 5p 

Member firm:                  HSBC Investment Bank Plc

Percentage holding:           Below 10%

As at close of business on:   25 October 1999

N.B: HSBC Investment Bank Plc no longer have a notifiable interest after the
amalgamation of the two classes of share on 25/10/99.