Holding in Company

Guinness Peat Group PLC
5 July 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GUINNESS PEAT GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     AENEAS PORTFOLIO COMPANY, LP

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

     NOT ADVISED

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

     NOT ADVISED

5)   Number of shares/amount of stock acquired.

     18,521,082

6)   (3.46%) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 10P EACH

10)  Date of transaction

     NOT ADVISED

11)  Date company informed

     5 JULY 2001

12)  Total holding following this notification

     18,521,082
               
              
13)  Total percentage holding of issued class following this notification

      3.46%

14)  Any additional information



15)  Name of contact and telephone number for queries



16)  Name and signature of authorised company official responsible for 
     making this notification  J R RUSSELL, COMPANY SECRETARY  0207 236 0336

     Date of Notification .... 5 JULY 2001 ......