AGM Statement

Guinness Peat Group PLC
29 May 2007

                             GUINNESS PEAT GROUP PLC
                                  ANNOUNCEMENT



Results of Shareholder Meeting



Guinness Peat Group plc ("GPG" or the "Company") announces that at its Annual
General Meeting ("AGM") held in London on 29 May 2007, all of the resolutions
put to the meeting were duly passed.

Valid proxy appointments and associated voting instructions appointing the
Chairman of the meeting were as follows:

                                                                                             Voting Rights

Resolution  Brief Description                                                              For         Against

         1. To receive the directors' Report & Accounts.                                 370,017,203   18,281,500
         2. To receive and approve the directors' remuneration report.                   384,061,452    4,222,938
         3. To re-elect Graeme Cureton a director.                                       387,713,359      584,401
         4. To re-elect Tony Gibbs a director.                                           387,777,671      521,363
         5. To appoint Deloitte & Touche LLP as auditor.                                 388,131,652      169,086
         6. To authorise the directors to fix the remuneration of the auditor.           388,019,565      272,123
         7. To authorise the directors to allot securities.                              348,953,466   39,300,599
            (Companies Act 1985, s.80).
         8. To approve the Capitalisation Issue 2007.                                    388,176,266      126,092
         9. To authorise the directors generally to offer scrip dividend                 388,112,376      189,987
            alternatives. (Special Resolution).
        10. To disapply statutory pre-emption provisions (Companies Act 1985, s.95)      348,692,950   39,579,987
            (Special Resolution).
        11. To authorise the Company generally to make market purchases of its own       388,032,120      268,886
            ordinary shares.  (Companies Act, s.166) (Special Resolution)



Votes were withheld as follows:

•    Resolution 1 - 3,777
•    Resolution 2 - 18,130
•    Resolution 3 - 4,720
•    Resolution 4 - 3,446
•    Resolution 5 - 1,742
•    Resolution 6 - 10,792
•    Resolution 7 - 47,875
•    Resolution 8 - 122
•    Resolution 9 - 117
•    Resolution 10 - 29,385
•    Resolution 11 - 1,474



Notes to the disclosures



1.  Any proxy appointments which gave discretion to the Chairman have been
included in the "for" total.

2.  Any proxy appointments in respect of a named individual rather than "
the Chairman of the meeting" or another director of the Company have been
excluded from this disclosure. Had these been included, they would in all cases
in aggregate have increased the votes in favour of the resolutions.


Consequent upon the approval of Resolution 8 application is being made to the UK
Listing Authority for the listing of up to 122,153,689 Shares in respect of the
proposed allotment of shares on 30 June 2007 in respect of the Capitalisation
Issue 2007.  Application will also be made for the official quotation of these
shares on the Australian Stock Exchange, where they will be quoted (and will
trade) as CHESS Depository Instruments on completion of allotment procedures.
These shares have been accepted for quotation on the New Zealand Stock Exchange
and will be quoted on completion of allotment procedures.  Confirmation in
respect of this allotment will be announced as it occurs.



J R Russell
Company Secretary
Guinness Peat Group plc
[phone]
29 May 2007


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