Director Shareholding

Guinness Peat Group PLC
15 October 2001



Guinness Peat Group plc ('the Company') announces that on Monday 15 October 2001
it granted to directors option under the 2001 Share Option Scheme over the 
Ordinary Shares of 10p each in the Company as follows:


DIRECTOR                    OPTIONS GRANTED          TOTAL NUMBER OF
                                                       OPTIONS HELD
                                                FOLLOWING THIS GRANT

Sir Ron Brierley                   500,000              4,433,856
TJNB Beyer                         150,000              1,296,297
AI Gibbs                         1,000,000              7,387,360
BA Nixon                         1,000,000              8,314,635
Dr GH Weiss                      1,000,000              8,123,742


The option will normally be exercisable between 15 October 2004 and 14 October 
2011 at 40.5 pence per share.