SAR - Ryland Group PLC

Guinness Peat Group PLC
12 June 2002


Letter to RNS

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 two purchases, one being of 25,000 of 
Ordinary 10p shares ('Shares') on-market on 6 June 2002, and one being of 
415,000 of Ordinary 10p shares ('Shares') on-market on 11 June 2002 the Group's 
interest in the Shares of Ryland now amount to 8,889,340 representing 29.9% 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.'

From:   Guinness Peat Group plc    

 
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