Capital Note Issue

Guinness Peat Group PLC 4 May 2001 GUINNESS PEAT GROUP plc ('GPG' or 'the Company') GPG announces that it has appointed J B Were (New Zealand) Limited as Lead Manager to advise it in connection with a possible issue of capital notes to New Zealand investors. An issue of up to NZ$250m is envisaged. Further details will be announced in due course. The Chairman of GPG, Sir Ron Brierley, said 'The capital note issue will be a useful addition to the range of capital resources available to GPG when considering prospective investment opportunities.' Enquiries: Guinness Peat Group plc 020 7236 0336 Blake Nixon, UK Executive Director Square Mile BSMG 020 7601 1000 Kevin Smith/Becky Jewers


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