Interest Payment

Guinness Peat Group PLC
6 June 2001

                               
                    GUINNESS PEAT GROUP plc
                   ('GPG' or 'the Company')


Guinness Peat Group plc advises that the next interest payment
of  2p per 8% Convertible Loan Note (2005) ('CLNs') (being the
interest  payment for the first half of 2001)  falls  due  for
payment  on Monday, 2 July 2001. The consequent time-table  is
as follows, in accordance with the Trust Deed.


Record date                               Friday, 15 June 2001
Exchange rate date*                       Monday, 25 June 2001
Payment date                               Monday, 2 July 2001



*  The interest is payable in £ sterling, converted into NZ or
Australian dollars as appropriate for CLN holders on the NZ or
Australian registers at exchange rate ruling on 25 June  2001.
As was the case with the December 2000 payment, CLN holders on
the  UK, Australian and NZ register may elect to receive their
interest  in the currencies of one of the other two registers.
Currency Election Forms will be posted out shortly for  return
by  close of business on 25 June 2001. Elections must be  made
in respect of complete holdings only; no partial elections can
be accepted.


Currency Election Forms will be posted out shortly for  return
by close of business on 25 June 2001.

Note  that the payment of interest on the CLNs should  not  be
confused with the first redemption and conversion election  in
respect of the first tranche of CLNs which takes place also as
at 2 July 2001.