SAR - Time Products PLC-Amend

Guinness Peat Group PLC 23 April 2001 The issuer has made the following amendment to the SAR - Time Products PLC announcement released on 20 April 2001 at 14:24 under RNS No 3683C. Paragraph 1 should refer to the purchase on market of '39,000 10p shares' and not '100,000 ordinary 25p shares' as previously stated All other details remain unchanged. The full corrected version is shown below. DISCLOSURE OF INTEREST IN SHARES PURSUANT TO RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES Guinness Peat Group plc and its subsidiary companies ('the Group') hereby notify Time Products plc ('Time') that following the purchase on market of 39,000 10p shares in Time ('Shares') on 19 April 2001 the Group's interest in the Shares now amounts to 7,987,559 Shares representing 19.04 of the issued share capital. 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.


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