Timetable & Summary of Stock Actions

Guinness Peat Group PLC
4 April 2000



GUINNESS PEAT GROUP

Timetable for Stock Actions

Summary of Stock Actions

When it announced its 1999 final results on 7 March 2000, GPG also announced its
intention to give shareholders the opportunity to exchange at least 40% of their
ordinary shares for unsecured convertible loan notes ('CULS').  A listing will
be sought on each of the three Stock Exchanges on which GPG is listed, being
London, Australia and New Zealand.  The issue of CULS and the share buyback are
subject to shareholder approval and a circular containing further details to
shareholders will be issued shortly.

The Company also announced on 7 March 2000 its intention to effect its usual one
for ten capitalisation issue.


Proposed Timetable (UK)

Tuesday 11.4.00      Record date for entitlement for buyback and issue of CULS

Tuesday 18.4.00      Stock marked 'ex' entitlement for buyback and issue of CULS

Monday 15.5.00       Close of entitlement for buyback offer and for issue of   
3pm London time      CULS

Wednesday 17.5.00    Announcement of results of buyback and for issue of CULS

Friday 2.6.00        EGM to consider approving issue of CULS and share buyback
                     Buyback becomes 'effective'

Saturday 3.6.00      CULS certificates despatched

Tuesday 6.6.00       Trading commences in CULS, Crest accounts updated for CULS

Friday 9.6.00        Record date for capitalisation issue

Tuesday 13.6.00      Stock marked ex capitalisation issue, new certificates    
                     despatched, Crest accounts updated and dealings commence   
                    in new capitalisation shares



Proposed Timetable (Australia)

Wednesday 5.4.00     Announcement of AUS record date for buyback and for 
                     entitlement for issue of CULS 

Monday 10.4.00       Stock expected to be marked 'ex' entitlement for buyback 
                     and for issue of CULS.
                     Australian branch register closes for transmissions to 
                     NZ branch and UK register 

Friday 14.04.00      Record date of entitlement for buyback and issue of CULS 

Wednesday 19.4.00    Australian branch register re-opens for transmissions 
                     between NZ branch and UK register 

Monday 15.5.00       Close of entitlement for buyback offer and for issue of 
3pm London time      CULS

Wednesday 17.5.00    Announcement of results of buyback and elections for issue 
                    of CULS 

Friday 2.6.00        EGM to consider approving issue of CULS and share buyback 
                     Buyback becomes 'effective'

Saturday 3.6.00      CULS certificates despatched 

Tuesday 6.6.00       Trading expected to commence in CULS 

Friday 9.6.00        Record date for capitalisation issue 

Tuesday 13.6.00      Dealings expected to commence in new capitalisation shares 



Proposed Timetable (NZ)

Tuesday 4.4.00       Announcement of NZ record date for CULS

Friday 14.4.00       Record date for entitlement for issue of CULS and buyback

Monday 17.4.00       Stock marked 'ex' entitlement for buyback and for issue of 
                     CULS.  NZ branch register closes for transmissions to 
                     Australian branch or UK register

Wednesday 19.4.00    NZ branch register re-opens for transmissions to Australian
 
                     Branch and UK register

Monday 15.5.00       Close of entitlement for buyback offer and for issue of 
                     CULS

Wednesday 17.5.00    Announcement of results of elections for buyback and of 
3 pm London time     issue of CULS

Friday 2.6.00        EGM to consider approving issue of CULS and share buyback
                     Buyback becomes 'effective'

Saturday 3.6.00      Allotment of CULS

Tuesday 6.6.00       Trading commences in CULS

Friday 9.6.00        Record date for capitalisation issue

Tuesday 13.6.00      Stock marked ex capitalisation issue