Holding(s) in Company

Guinness Peat Group PLC
25 February 2002



Guinness Peat Group plc ('GPG') announces that today Perpetual Trustees
Australia Ltd ('Perpetual') lodged on the Australian Stock Exchange ('ASX') a
'Form 603 (Notice of initial substantial holder)'. This gave details of an
increase in holdings in GPG shares by funds managed by Perpetual to an 
aggregate of 28,011,167 shares (5.16% of GPG's total issued share capital). 


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