Change of Adviser

Guinness Peat Group PLC
04 December 2003

                            GUINNESS PEAT GROUP PLC



4 December 2003


          Guinness Peat Group plc - Appointment of UK corporate broker



The Board of Guinness Peat Group plc is pleased to announce the appointment,
with immediate effect, of Panmure as UK corporate broker to the Company.


For further information please contact:



Richard Russell                                       020 7484 3370
Company Secretary
Guinness Peat Group plc

Richard Gray                                          020 7020 4000
Panmure



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