Interest on CLN's

Guinness Peat Group PLC 28 November 2002 Interest on 8% Convertible Subordinated Unsecured Loan Notes 2005 ('the CLNs') Guinness Peat Group plc ('GPG') confirms that interest on its CLNs for the half- year up to (but not including) 31 December 2002 will be despatched on Monday 30 December 2002 for payment on 31 December 2002. The interest on each CLN will be 1.20 pence and will be payable to CLN holders on the Australian register of CLN holders as at 5:00 pm (local time) on 12 December 2002 and on the UK and NZ registers at 5:00pm (local time) on 13 December 2002. Following certain changes to UK tax legislation from 1 April 2001 interest payments made on the CLNs will be made without the deduction of any UK withholding tax. Interest will normally be paid in the currency of the country in which the CLNs are registered. However, for payment to holders requiring interest in Australian or New Zealand dollars, the relevant exchange rate for conversion will be established in London at the close of business on 20 December 2002. CLN holders will also have received a circular dated 4 November 2002, which referred to the proposed merger of Guinness Peat Group plc with Brunel Holdings plc. CLN holders were advised that they would have an additional opportunity to convert all but not some only of their CLNs following the effective date of the transaction. A separate letter describing this additional right of conversion will be sent to all CLN holders following 13 December 2002, which is the anticipated effective date of the transaction. Any exercise of such conversion right will not affect any CLN holder rights or entitlements to the interest payable on 31 December 2002. CLN holders should take note that GPG continues to offer a facility whereby holders may elect to take interest on their entire holding in any one of GPG's three principal trading currencies (being Sterling or Australian or New Zealand dollars) provided that such election is made, in writing, to the Registrar of the register on which their CLNs are held in UK, Australia or New Zealand as appropriate, by 3:00 pm (local time) on 13 December 2002. The timetable is therefore: Ex-interest Date (Australia) 6 December 2002 Ex-interest Date (UK) 11 December 2002 Record Date (Australia): 5:00 pm local time 12 December 2002 Record Date (NZ and UK): 5:00 pm local time 13 December 2002 Election for Currency Option: By 3:00 pm local time 13 December 2002 Ex-interest date (NZ) 16 December 2002 Exchange Rate for Currency Close of business (London) 20 December 2002 Option: Cheques Despatched: 30 December 2002 Payment Date 31 December 2002 For enquiries please contact the Company's Registrars as follows: UK Computershare Investor Services Plc 0870 702 0010 Australia Registries Ltd 02 9279 0677 New Zealand Computershare Investor Services Ltd 09 488 8777 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Coats Group (COA)
UK 100

Latest directors dealings