Directors' Notification of Dealing in Shares, etc

Guinness Peat Group PLC
14 June 2000


                        STOCK EVENTS: DIRECTORS INTERESTS

Guinness Peat Group Plc ('CPG') announces that, following the approval by
shareholders on 2 June 2000 of the Share Buyback, the issue of Consolidated
Loan Notes ('CLN's'), and the Capitalisation Issue, the allotment of shares
under the Capitalisation Issue took place on 13 June 2000.

As a result Directors' interests in the Ordinary Shares and the CLNs of GPG are
as follows:

                    Ordinary shares                       CLN's
                       Number            %           Number              %

Sir Ron Brierley      20,971,079        4.41              0            0.00
TJN Beyer                335,377        0.07       1,000,00            2.59
Al Gibbs                       0        0.00        688,846            1.78
BA Nixon                  88,880        0.02            675            0.00
Dr GH Weiss            4,158,611        0.87              0            0.00

Purchased on the New Zealand market on 8 June 2000 at a price of NZ$1.40 each.

GPG also announces that, while it was stated in the circular relating to the
Capitalisation Issue sent to shareholders on 18 April 2000 that dealings in  the
Capitalisation Shares (as defined in the circular) would commence on 13  June
2000, dealings will instead commence on 15 June 2000. Application has been made
to the UK Listing Authority and to the London Stock Exchange for the
Capitalisation Shares to be admitted to listing and trading (respectively) on 15
June 2000, on which date CREST member accounts will be credited with
Capitalisation Shares and definitive certificates will be despatched.