Annual Report and Accounts

Guinness Peat Group PLC
22 March 2004

                        GUINNESS PEAT GROUP ANNOUNCEMENT

Guinness Peat Group plc ("GPG") and its wholly owned subsidiary, GPG (UK)
Holdings plc, announce that they have 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 2003 containing Notice
    of the Annual General Meeting to be held on 12 May 2004 ("AGM").


  • Guinness Peat Group plc Summarised Annual Report and Accounts 2003 also
    containing Notice of the AGM.


  • Circular from GPG explaining to shareholders the Scrip Dividend
    Alternative being offered in lieu of its Final Cash Dividend, and details of
    the proposed Capitalisation Issue.


  • Proxy Forms relating to the aforesaid AGM.


  • Forms of Election and Notices of Entitlement in connection with the Scrip
    Dividend Alternative to the Final Cash Dividend in respect of the year ended
    31 December 2003.


  • GPG (UK) Holdings plc Annual Report and Accounts 2003.




Enquiries:          Richard Russell
                    Tel: [phone]



Date:                22 March 2004




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