SAR - Time Products PLC

Guinness Peat Group PLC
26 April 2001


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE


TIME PRODUCTS PLC
DISCLOSURE UNDER RULE 3 OF THE SUBSTANTIAL ACQUISITIONS RULES

Guinness Peat Group plc and its subsidiary companies ('GPG') announces that it
made the following purchases of ordinary 10p shares ('Shares') in Time Products
plc:

Date            Number          Price         Interest          Percentage of
                                                                Issued Shares

25.04.01        50,000           1.67        8,062,559              19.22
25.04.01     2,225,000           1.75       10,287,559              24.52

Under the strictures of the City Code on Takeovers and Mergers, GPG also
announces that it is now deemed to be a Category (1) and a Category (6)
Associate of Time Products in accordance with the Definitions of that Code

So far as the Group is aware, no person interested in the Shares is party to any
agreement or arrangement relating to the exercise of any rights conferred by
holding the shares subject to this notification.


LETTER FROM: GUINNESS PEAT GROUP PLC