Director/PDMR Shareholding

Guinness Peat Group PLC
03 July 2006


                                         GUINNESS PEAT GROUP PLC

Guinness Peat Group ("GPG") announces the following changes in directors' interests following the
allotment of shares on 30 June 2006 pursuant to the 2006 Capitalisation Issue which were issued to
existing shareholders on 3 July 2006:

1.     Interests in the ordinary shares of Guinness Peat Group plc

                                                             Allotment                       Current Total

       Sir Ron Brierley                                      3,315,896                          36,474,859
       Graeme Cureton                                          123,184                           1,355,040
       Tony Gibbs                                              405,369                           4,459,065
       Blake Nixon                                             800,679                           8,807,476
       Gary Weiss                                            1,090,695                          11,997,662


2.     Interests in options over the ordinary shares of GPG under the Company's share option schemes

       As a result of the 2006 Capitalisation Issue, under which a bonus issue of new shares was made at
       the rate of 1 new share for every 10 shares held, options held under the Company's share option
       schemes have also been adjusted.  As a consequence Directors' interests in the Company's share
       options are now as follows:


                              Total Number of                 Exercise Prices
                             Options Adjusted                adjusted for 2006
                                     for 2006                  Capitalisation                  Dates
                              Capitalisation                     Issue                      Exercised
                                   Issue                                                      Between
                                  
       Sir Ron Brierley                2,261,655        Between 25.15p - 81.64p        17/10/04 - 15/03/2016
       Graeme Cureton                 12,277,014        Between 24.87p - 81.64p        13/01/00 - 15/03/2016
       Tony Gibbs                     11,245,569        Between 24.89p - 81.64p        01/09/00 - 15/03/2016
       Blake Nixon                    10,602,490        Between 24.89p - 81.64p        01/09/00 - 15/03/2016
       Gary Weiss                     11,892,545        Between 24.89p - 81.64p        01/09/00 - 15/03/2016

       Note: As a result of the adjustments there is no change in the economic interests of the Directors
       in options held under the Company's share option schemes.


3.     Directors' interests in the shares of quoted subsidiary companies of GPG are as follows:

       Interests in the ordinary shares of Capral Aluminium Ltd (listed on the Australian Stock Exchange)

       Gary Weiss                     93,255
       Graeme Cureton                144,000

       Interests in the ordinary shares of Turners and Growers Ltd (listed on the New Zealand Stock
       Exchange)

       Tony Gibbs                     57,353




Richard Russell
Company Secretary
Guinness Peat Group plc
Tel: [phone]
3 July 2006




                      This information is provided by RNS
            The company news service from the London Stock Exchange