Results of Tender Offer

Guinness Peat Group PLC 6 April 2001 GUINNESS PEAT GROUP plc TENDER OFFER FOR SHARES IN TIME PRODUCTS PLC Guinness Peat Group plc ('GPG') announced on 28 March 2001 a Tender Offer to purchase up to 4,950,000 ordinary shares of 10 pence each ('Shares') in Time Products plc ('Time Products') ('the Tender Offer'). Following the close of the Tender Offer at 3.00 pm on Friday, 6 April 2001, tenders totaling less than 1% of the voting rights of Time Products had been received. Consequently the Tender Offer is void. Forms of tender, which cease to have any effect, together with certificates and other documents of title will be returned by post by Friday, 20 April 2001 or, where Time Products ordinary shares are held in uncertificated form, Computershare Services PLC will give TFE instructions to CRESTCo to transfer all Time Products ordinary shares held in escrow balance to the original available balances of the Time Products shareholder concerned by Friday, 13 April 2001.


Coats Group (COA)
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