Director Shareholding

Guinness Peat Group PLC
29 June 2001


                       DEALINGS BY DIRECTORS

1)  NAME OF COMPANY

    GUINNESS PEAT GROUP PLC

2)  NAME OF DIRECTOR

    T J N BEYER

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    DIRECTOR

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    T J N BEYER    335,379

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    ON MARKET DISPOSAL

7)  Number of shares/amount of
    stock acquired

    N/A

8)   (N/A %)
    of issued Class

    N/A

9)  Number of shares/amount
    of stock disposed

    200,000

10)  ( N/A %)
    of issued Class

    NOT MATERIAL

11) Class of security

    ORDINARY SHARES OF 10p EACH

12) Price per share

     NZ$1.79

13) Date of transaction

     29-Jun-01

14) Date company informed

     29-Jun-01

15) Total holding following this notification

     135,377

16) Total percentage holding of issued class following this notification

     Not material

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information

      N/A

24) Name of contact and telephone number for queries

      J R Russell, Company Secretary 0207 236 0336

25) Name and signature of authorised company official responsible for
    making this notification

    

      J R Russell, Company Secretary 
                               
      Date of Notification    0171 236 0336