Director Shareholding

Guinness Peat Group PLC
21 May 2002



                           DIRECTORS' SHARE INTERESTS
 
Following the allotment of shares on 13 May 2002 under the Company's Scrip 
Dividend Alternative allotted at a rate of 1 new share for every 50 elected and 
following the Capitalisation Issue 2002 allotted on 20 May 2002, at a rate of 1 
new share for every 10 already held, Guinness Peat Group plc ('GPG') announces 
the following interests of directors in the capital of GPG:


                       Ordinary Shares of 10p each        Convertible Loan Notes 

Sir Ron Brierley                23,905,935                       1,966,789
 
T J N Beyer                        667,747                       1,000,000 

G J Cureton                        112,200                               -

A I Gibbs                          207,947                         688,846

B A Nixon                        3,824,277                             675

Dr G H Weiss                     3,842,983                               -




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