SAR - Time Products PLC

Guinness Peat Group PLC 17 May 2001 TIME PRODUCTS PLC DISCLOSURE UNDER RULE 3 OF THE SUBSTANTIAL ACQUISITIONS RULES OF THE CITY CODE ON TAKEOVERS & MERGERS Guinness Peat Group plc and its subsidiary companies ('GPG') announces that it has made the following purchases of ordinary 10p shares ('Shares') in Time Products plc: Date Number Price Interest Percentage of Issued Shares 16.05.01 200,000 £1.87 11,012,559 26.25 16.05.01 30,000 £1.87 11,042,559 26.32 16.05.01 200,000 £1.87 11,242,559 26.80 16.05.01 50,000 £1.87 11,292,559 26.92 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.


Coats Group (COA)
UK 100

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