Holding(s) in Company

Guinness Peat Group PLC
23 January 2008

                        



Newbury Racecourse plc


The following is the text of a letter which is being sent today by Guinness Peat
Group plc ("GPG") to Newbury Racecourse plc ("Newbury") in connection with GPG's
purchase of shares in Newbury,

"Disclosure of Interest in Shares pursuant to Rule 8.1/8.3 of the Takeover Code
("the Code")

Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify
Newbury Racecourse plc ("Newbury") that, following the on-market acquisitions on
22 January 2008 of 5,000 Ordinary shares of Newbury ("Shares") at £11.00 per
Share and a further 3,300 Shares at £11.50, the Group's direct interest now
amounts to 637,318 Shares representing 20.93% of the issued share capital of
Newbury.

The Group has no interest in options or derivatives in the shares of Newbury.
Therefore, following the above transaction, in accordance with its disclosure
obligations under Rule 8.1/8.3 of the Code, the Group has a long interest in
relevant securities (as defined in the Code) in aggregate totalling 20.93% of
the issued shares of Newbury.

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



Richard Russell  
Company Secretary 
Guinness Peat Group plc 
Tel: [phone]

23 January 2008



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