Disclosure of Interest

Guinness Peat Group PLC
14 August 2003



                            GUINNESS PEAT GROUP PLC
                                  ANNOUNCEMENT


Disclosure of Interest in Shares Under Rule 3 of the Rules Governing Substantial
Acquisitions of Shares and Pursuant to Rule 8.1 and 8.3 of the City Code on
Takeovers and Mergers.



Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify
Boosey & Hawkes Plc ("Boosey & Hawkes") that following the market purchase of
326,872 Ordinary 5 pence shares of Boosey & Hawkes ("Shares") at a price of
£1.55 on 13 August 2003, the Group's interest in the Shares now amounts to
3,213,361 Shares representing 15.61% of the issued share capital.



The Group has an interest by virtue of being a Rule 8.1 associate and Rule 8.3
shareholder of Boosey & Hawkes. No member of the Group is party to any agreement
or arrangement relating to the exercise of any rights conferred by holding the
Shares subject to this notification


J R Russell
Company Secretary
14 August 2003




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