Scrip dividend Alternative

Guinness Peat Group PLC
10 May 2002



SCRIP DIVIDEND ALTERNATIVE

Guinness Peat Group plc ('GPG') announces that on Friday 10 May 2002 it allotted 
7,094,991 Ordinary shares of 10p each in respect of its Scrip Dividend 
Alternative to shareholders on the UK, Australian and New Zealand share 
registers.


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