SAR - Time Products PLC-Amend

Guinness Peat Group PLC
23 April 2001



The issuer has made the following amendment to the SAR - Time Products PLC
announcement released on 20 April 2001 at 14:24 under RNS No 3683C.

Paragraph 1 should refer to the purchase on market of '39,000 10p shares' and
not '100,000 ordinary 25p shares' as previously stated 

All other details remain unchanged.

The full corrected version is shown below.


DISCLOSURE OF INTEREST IN SHARES PURSUANT TO RULE 3 OF
THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES

Guinness Peat Group plc and its subsidiary companies ('the Group') hereby notify
Time Products plc ('Time') that following the purchase on market of 39,000 10p
shares in Time ('Shares') on 19 April 2001 the Group's interest in the Shares
now amounts to 7,987,559 Shares representing 19.04 of the issued share capital.

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.