Coats Viyella PLC

Guinness Peat Group PLC 29 December 2000 Guinness Peat Group plc Re: Coats Viyella plc Guinness Peat Group plc ('GPG') is pleased to note the announcement by Coats Viyella plc ('Coats') that it is appointing M. Noel Goutard, M. Eduardo Malone and Mr. Blake Nixon as non-executive directors of Coats with effect from 10 January 2001. Blake Nixon is a director of GPG. It also notes that the Board of Coats has agreed to reduce the number of directors which there would otherwise be to nine by the Company's next Annual General Meeting. As a result, GPG has withdrawn its requisition for an Extraordinary General Meeting of Coats. As indicated in its statement accompanying the requisition, GPG believes that the addition of non- executive directors will be of real and effective benefit to Coats as will their review, at the earliest opportunity, of the Company's strategic direction.


Coats Group (COA)
UK 100

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