Rule 8.1- Newbury Racecourse

Guinness Peat Group PLC
25 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 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
24 January 2008 of 2,000 Ordinary shares of Newbury ("Shares") at £11.50 per
Share, the Group's direct interest now amounts to 694,922 Shares representing
22.83% 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 transactions, in accordance with its disclosure
obligations under Rule 8.1 of the Code, the Group has a long interest in
relevant securities (as defined in the Code) in aggregate totalling 22.83% of
the issued shares of Newbury.

The Group has an interest by virtue of being a Rule 8.1 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]     

25 January 2008



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