Maurice Loomes Relinquishes Executive Role

Guinness Peat Group PLC
21 December 1999


Guinness Peat Group plc announces that b, an Australian based
director of the Company, has decided to relinquish his executive role on 31
December 1999.  He has agreed to remain on the board in a non-executive capacity
until the conclusion of the 2000 Annual General Meeting.