Result of EGM

Guinness Peat Group PLC
15 May 2003


For immediate release



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


GPG announces that at its Extraordinary General meeting held on Thursday 15 May
2003 the Resolution to capitalise part of the share premium account was passed.
Proxy voting was as follows: for 101,857,561, against 185,864, discretionary
5,775,171.


Richard Russell
Company Secretary

15 May 2003


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