Interest on 8% CLNs

GPG (UK) Holdings PLC
01 November 2004

For immediate release



                              COMPANY ANNOUNCEMENT

                             GPG (UK) Holdings plc



Interest on 8% Convertible Subordinated Unsecured Loan Notes 2005 ('the CLNs')



GPG (UK) Holdings plc confirms that interest on its CLNs for the half-year up to
(but not including) 31 December 2004 falls due for payment on 31 December 2004.



The interest on each CLN of 0.4 pence will be payable to CLN holders appearing
on the UK and NZ registers at 5.00 pm (local time) on 10 December 2004.



CLN holders on the UK register will receive their interest in £ Sterling, and
CLN holders on the NZ register will receive their interest in NZ dollars.
However CLN holders may alternatively elect to receive interest on their entire
holding in Australian or New Zealand dollars or Sterling, converted at the
relevant exchange rate in London at the close of business on 22 December 2004.
Elections must be made in writing to the relevant Registrar by 3.00 pm (local
time) on 10 December 2004.  No partial elections will be accepted.



The timetable is therefore:


Ex-interest Date (UK):                                                     8 December 2004

Record Date (NZ and UK):                 5.00 pm local time                10 December 2004

Election for Currency Option:            By 3.00 pm local time             10 December 2004

Ex-interest Date (NZ):                                                     13 December 2004

Exchange Rate for Currency Option:       Close of business (London)        22 December 2004

Payment Date:                                                              31 December 2004

For enquiries please contact the Company's Registrars as follows:

UK                      Computershare Investor Services PLC                0870 702 0010

New Zealand             Computershare Investor Services Ltd                09 488 8777




Terms used in this announcement but not defined in it bear the same meanings
given to them in the Trust Deed constituting the CLNs dated 18 April 2000, as
amended from time to time.





Richard Russell

Company Secretary

GPG (UK) Holdings plc



1 November 2004




                      This information is provided by RNS
            The company news service from the London Stock Exchange