Results of AGM & EGM

Guinness Peat Group PLC
11 May 2005

                            GUINNESS PEAT GROUP PLC

                                  ANNOUNCEMENT



Results of Shareholder Meetings


Guinness Peat Group plc ("GPG" or the "Company") announces that at its Annual
General Meeting ("AGM") and the Extraordinary General Meeting ("EGM"), both of
which were held in London on 11 May 2005, all of the resolutions put to the
meetings were duly passed. A report on the proceedings at the AGM and the EGM
will be published on the Company's website, www.gpgplc.com.


AGM 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.                                  312,232,636    2,207,738
         2. To declare a final dividend.                                                  314,299,844      185,289
         3. To receive and approve the directors' remuneration report.                    312,071,657    2,366,481
         4. To re-elect Tony Gibbs a director.                                            294,783,836      120,541
         5. To re-elect Blake Nixon a director.                                           290,627,107    4,282,270
         6. To appoint Deloitte & Touche LLP as auditor.                                  314,465,580       19,553
         7. To authorise the directors to fix the remuneration of the auditor.            314,404,677       80,456
         8. To authorise the directors to allot securities.                               310,038,117    4,447,016
            (Companies Act 1985, s.80).
         9. To approve the Capitalisation Issue 2005.                                     294,850,124       53,362
        10. To disapply statutory pre-emption provisions (Companies Act 1985, s.95)       276,197,605   38,286,788
            (Special Resolution).
        11. To authorise the Company generally to make market purchases of its own        314,310,191      174,942
            ordinary shares.  (Companies Act, s.166) (Special Resolution)
        12. To authorise the directors generally to offer scrip dividend                  314,261,450      223,683
            alternatives. (Special Resolution).


EGM Proxies


At the EGM 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 amend the calculations of individual participant limits under the     255,143,745      56,827,095
             Company's 2002 Option Scheme
          2. To grant options under the Company's 2002 Option Scheme (ASX Listing     278,060,156      17,956,801
             Rule 7.2 Exception 9)
          3. To grant options to directors (ASX Listing Rule 10.14)
             (a)    Sir Ron Brierley                                                  254,388,122      17,662,545
             (b)    G J Cureton                                                       278,079,309      17,864,838
             (c)    A I Gibbs                                                         278,052,982      17,906,214
             (d)    B A Nixon                                                         271,722,657      17,885,787
             (e)    Dr G H Weiss                                                      278,090,238      17,866,258


Notes to the disclosures


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 with negligible effect 
       on votes against.


Stock Events


Applications have been or are being made to the UK Listing Authority for up to
99,068,107 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 16 May 2005, and
the proposed allotment of shares on 23 May in respect of the Capitalisation
Issue 2005.  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
11 May 2005


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