Further re Offer for Joe White

Guinness Peat Group PLC 29 February 2000 JOE WHITE MALTINGS LTD (AUSTRALIA) Further to the announcement made by Guinness Peat Group plc ('GPG') and its subsidiary companies on 10 September 1999 in connection with a proposed offer for 50% of each member's fully paid ordinary shares in Joe White Maltings Ltd ('Joe White'), an Australian company, GPG now confirms that it has been advised by the Foreign Investment Policy Division of the Australian Treasury that the Treasury has no objection under the Australian Government's foreign investment policy to GPG's offers for shares in Joe White, and, accordingly, the offers have now been declared unconditional subject only to certain standard 'prescribed occurrence' conditions normally found in Australian offer documentation.

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