Director Shareholding

Guinness Peat Group PLC
3 March 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

     
1)   NAME OF COMPANY

     GUINNESS PEAT GROUP PLC


2)   NAME OF DIRECTOR

     BLAKE ANDREW NIXON


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

     OWN HOLDING


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

     OWN NAME ON THE NEW ZEALAND REGISTER


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

     DIRECTOR         


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

     EXERCISE OF OPTIONS


7)   Number of shares/amount of
     stock acquired

     1,401,073

8)   Percentage of issued Class

     0.2


9)   Number of shares/amount
     of stock disposed

     N/A


10)  Percentage of issued Class

     N/A


11)  Class of security

     ORDINARY 5 PENCE


12)  Price per share

     25.3400 PENCE


13)  Date of transaction

     02/03/2004


14)  Date company informed

     02/03/2004


15)  Total holding following this notification

     5,692,228


16)  Total percentage holding of issued class following this notification

     0.82


     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

     -


24)  Name of contact and telephone number for queries

     J R RUSSELL, COMPANY SECRETARY 
     020 7484 3370


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

     J R RUSSELL, COMPANY SECRETARY 
     020 7484 3370

     Date of Notification     3 MARCH 2004




                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

     
1)   NAME OF COMPANY

     GUINNESS PEAT GROUP PLC


2)   NAME OF DIRECTOR

     TREVOR JORGEN NIELSON 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

     OWN HOLDING


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

     OWN NAME ON THE NEW ZEALAND REGISTER


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

     DIRECTOR         


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

     EXERCISE OF OPTIONS


7)   Number of shares/amount of
     stock acquired

     280,206

8)   Percentage of issued Class

     0.4


9)   Number of shares/amount
     of stock disposed

     N/A


10)  Percentage of issued Class

     N/A


11)  Class of security

     ORDINARY 5 PENCE


12)  Price per share

     25.3400 PENCE


13)  Date of transaction

     02/03/2004


14)  Date company informed

     02/03/2004


15)  Total holding following this notification

     1,276,352


16)  Total percentage holding of issued class following this notification

     0.18


     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

     -


24)  Name of contact and telephone number for queries

     J R RUSSELL, COMPANY SECRETARY 
     020 7484 3370


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

     J R RUSSELL, COMPANY SECRETARY 
     020 7484 3370

     Date of Notification     3 MARCH 2004




                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

     
1)   NAME OF COMPANY

     GUINNESS PEAT GROUP PLC


2)   NAME OF DIRECTOR

     TREVOR JORGEN NIELSON 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

     OWN HOLDING


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

     OWN NAME ON THE NEW ZEALAND REGISTER


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

     DIRECTOR         


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)   Percentage of issued Class

     N/A


9)   Number of shares/amount
     of stock disposed

     170,000


10)  Percentage of issued Class

     0.024


11)  Class of security

     ORDINARY 5 PENCE


12)  Price per share

     NZ$ 1.953


13)  Date of transaction

     03/03/2004


14)  Date company informed

     03/03/2004


15)  Total holding following this notification

     1,106,352


16)  Total percentage holding of issued class following this notification

     0.16


     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

     -


24)  Name of contact and telephone number for queries

     J R RUSSELL, COMPANY SECRETARY 
     020 7484 3370


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

     J R RUSSELL, COMPANY SECRETARY 
     020 7484 3370

     Date of Notification     3 MARCH 2004


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