Annual Report and Accounts

Guinness Peat Group PLC
29 April 2003


                        GUINNESS PEAT GROUP ANNOUNCEMENT


Guinness Peat Group plc announces that it has today published the following
documents and that copies are available for inspection at the Document Viewing
Facility of the UK Listing Authority:


• Guinness Peat Group plc Annual Report and Accounts 2002 containing
  Notice of the Annual General Meeting to be held on 17 June 2003 ("AGM").

• Guinness Peat Group plc Summarised Annual Report and Accounts 2002
  also containing Notice of the AGM.

• Circular explaining to shareholders the Scrip Dividend Alternative
  being offered in lieu of its Interim Cash Dividend, details of the proposed
  Capitalisation Issue and containing Notice of an Extraordinary General Meeting
  of Guinness Peat Group plc to be held on 15 May 2003 ("EGM") to consider and, 
  if thought fit, approve the proposed Capitalisation Issue.

• Proxy Forms relating to the aforesaid AGM and EGM.

• Forms of Election and Notices of Entitlement in connection with the
  Scrip Dividend Alternative to the Interim Cash Dividend in respect of the year
  ended 31 December 2002 to be paid on 19 May 2003.



Enquiries:  Richard Russell
            Tel: [phone]

Date:       29 April 2003



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