Rule 8 - Ryland Group PLC

Guinness Peat Group PLC
1 May 2003


Letter to RNS


Ryland Group plc

The following is the text of a Disclosure sent today to the Company Secretary of
Ryland Group plc.

"Disclosure of Interest in Shares Pursuant to Rule 8.3 of the City Code on
Takeovers and Mergers.

Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify
Ryland Group plc ("Ryland Group") that following market disposals of 250,000
Ordinary 10 pence shares of Ryland Group ("Shares") at a price of £1.32 and of
500,000 Shares at a price of £1.35 on 30 April 2003, the Group's interest in the
Shares now amounts to 118,300 Shares representing 0.399% of the issued share
capital.

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


Letter from  Guinness Peat Group plc
 

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