SAR - Ryland Group Plc

Guinness Peat Group PLC
5 November 2001


Ryland Group plc

In accordance with the Rules Governing Substantial Acquisition of Shares, the 
following is the text of a Disclosure sent today to the Company Secretary of 
Ryland Group plc.

Disclosure of Interest in Shares Pursuant to Rule 3 of
The Rules Governing Substantial Acquisition of Shares

Guinness Peat Group plc and its subsidiary companies ('the Group') hereby notify
Ryland Group plc ('Ryland') that following the purchase of 3,089,935 Ordinary 
10p shares ('shares') on 2 November 2001 the Group's interest in the Shares of 
Ryland now amount to 7,789,340 representing 26.28% of the issued share capital.

No member of the Group is party to any agreement or arrangement relating to the 
exercise of any rights conferred by holding the Shares subject to this 
notification.