SAR - Time Products PLC

Guinness Peat Group PLC
5 March 2001




Re:  TIME PRODUCTS PLC

In accordance with the Rules Governing Substantial Acquisition of Shares, the
following is the text of a Disclosure sent today to the Company Secretary of
Time of Products plc.

're:  Disclosure of Interest in Shares Pursuant to Rule 3 of
      The Rules Governing Substantial Acquisitions of Shares

Guinness Peat Group plc and its subsidiary companies ('the Group') hereby notify
Time Products plc ('Time') that following the purchase on market of 100,000
ordinary 25p shares in Time ('Shares') on 2 March 2001 the Group's interest in
the Shares now amounts to 7,593,559 Shares representing 18.10% of the issued
share capital.

So far as the Group is aware, no person interested in the Shares is party to any
agreement or arrangement relating to the exercise of any rights conferred by
holding the Shares subject to this notification.'