Director Shareholding

Guinness Peat Group PLC
04 April 2005


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company

Guinness Peat Group plc


2. Name of director

Anthony Ian Gibbs


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 a non-beneficial
interest

N/A


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

N/A


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

Grant of share Options


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

-


10. Percentage of issued class

-


11. Class of security

Ordinary 5 pence


12. Price per share

N/A


13. Date of transaction


N/A


14. Date company informed

N/A


15. Total holding following this notification

3,297,478


16. Total percentage holding of issued class following this notification

0.4%


If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

4 April 2005


18. Period during which or date on which exercisable

4 April 2008 - 4 April 2015


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

Nil


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

500,000 Ordinary shares of 5 pence each


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

77.5 pence


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

8,781,203


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

4 April 2005




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