Investment Portfolio Data

Guinness Flight Geared Inc&Gwth Tst
9 November 1999

The company announces the following unaudited data relating to its portfolio
of investments as at 5 November 1999:

TOTAL ASSETS                              £152,068,004
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £104,518,064

NAV PER ZERO DIVIDEND PREFERENCE SHARE         108.48p
NAV (EX INCOME) PER INCOME SHARE               100.00p
NAV (EX INCOME) PER GEARED ORDINARY SHARE       90.69p