Result of AGM

Guinness Peat Group PLC
12 May 2004

                            GUINNESS PEAT GROUP PLC

                                  ANNOUNCEMENT



Result of Annual General Meeting


Business of the meeting

Guinness Peat Group plc ("GPG" or the "Company") announces that at its Annual
General Meeting ("AGM" or the "Meeting") held in London on 12 May 2004, all of
the resolutions put to the Meeting were duly passed. A report on the proceedings
at the AGM will be published on the Company's website, www.gpgplc.com.


At the meeting the Chairman, Sir Ron Brierley, announced that Trevor Beyer, who
is a non-executive director of GPG, would be retiring on 30 September 2004.
Trevor has been a director of GPG since March 1990. Before joining GPG Trevor
worked with Sir Ron at Brierley Investments Ltd (now BIL).  Sir Ron thanked
Trevor for his contribution to GPG's success since the new team took charge in
1990 over which period the Group had grown dramatically.


Proxies


At the AGM the following levels of proxy appointments in respect of the Chairman
of the meeting and associated voting instructions were received prior to the
meeting.


Resolution  Brief Description                                                                For           Against
         1. To receive the directors' Report & Accounts.                                205,907,124       2,765,798
         2. To declare a final dividend.                                                206,374,567       2,283,443
         3. To receive and approve the directors' remuneration report.                  193,668,413      13,944,390
         4. To re-elect Sir Ron Brierley a director.                                    205,405,400       2,279,727
         5. To re-elect Graeme Cureton a director.                                      196,129,189      12,528,809
         6. To appoint Deloitte & Touche LLP as auditor.                                206,290,869       2,366,271
         7. To authorise the directors to fix the remuneration of the auditor.          206,048,659       2,608,481
         8. To authorise the directors to allot securities.                             194,906,977      12,778,150
            (Companies Act 1985, s.80).
         9. To authorise the directors to allot securities (Companies Act 1985, s80)    205,024,183       2,650,607
            for the issue of shares pursuant to the step-up rights in Article 46A of
            GPGUKH's articles of association.
        10. To approve the Capitalisation Issue 2004.                                   196,149,439      12,508,561
        11. To display statutory pre-emption provisions (Companies Act 1985, s.95)      194,897,993      12,776,797
            (Special Resolution).
        12. To authorise the Company generally to make market purchases of its own      206,278,029       2,379,971
            ordinary shares.  (Companies Act, s.166) (Special Resolution)
        13. To authorise the directors generally to offer scrip dividend alternatives.  196,091,394      12,501,726
            (Special Resolution).



Notes to the disclosure


1.     Any proxy appointments which gave discretion to the Chairman have been
included in the "for" total.


2.        Any proxy appointments in respect of a named individual rather than "
the Chairman of the meeting" have been excluded for this disclosure.  Had these
been included, they would in all cases have substantially increased the votes in
favour of the resolutions.


Stock Events


Applications have been or are being made to the UK Listing Authority for up to
156,518,289 shares to be admitted to the Official List and to the London Stock
Exchange for these shares to be admitted to trading on its market for its listed
securities to satisfy the scrip dividend, due to be allotted on 14 May 2004, and
the proposed allotment of shares on 24 May in respect of the Capitalisation
Issue 2004 and the initial and additional consideration of new GPG shares under
the Company's offer for A shares in Coats Group Limited (for which an
announcement was made on 6 May 2004).  Application will also be made for the
official quotation of these shares on the Australian Stock Exchange, where they
will be quoted (and will trade) as CHESS Depository Instruments on completion of
allotment procedures.  These shares have been accepted for quotation on the New
Zealand Stock Exchange and will be quoted on completion of allotment procedures.
Confirmations in respect of those allotments will be announced as they occur.




J R Russell
Company Secretary
12 May 2004




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