Corporate Action

Guinness Peat Group PLC
27 April 2001

CAPITALISATION ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE        *GPG
SEDOL CODE           *271-334
TERMS                *1 New Ordinary Share of GBP0.10 for Every 10 Ordinary     
                      Shares held.
DEALINGS COMMENCE NEW SHARES *22-05-01
PROVISIONAL EX DATE  *16-05-01
RECORD DATE          *18-05-01
NOTES *