Payment of Interest on CLNs

GPG (UK) Holdings PLC
21 November 2003

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 2003 falls due for payment on 31 December 2003.


The interest on each CLN of 0.8 pence will be payable to CLN holders on the UK
and NZ registers at 5.00 pm (local time) on 12 December 2003.


CLN holders may elect to receive interest on their entire holding in Australian
or New Zealand dollars instead of Sterling converted at the relevant exchange
rate in London at the close of business on 22 December 2003.  Elections must be
made in writing to the relevant Registrar by 3.00 pm (local time) on 12 December
2003.  No partial elections will be accepted.


The timetable is therefore:

Ex-interest Date (UK):                                                     10 December 2003

Record Date (NZ and UK):                 5.00 pm local time                12 December 2003

Election for Currency Option:            By 3.00 pm local time             12 December 2003

Ex-interest Date (NZ):                                                     15 December 2003

Exchange Rate for Currency Option:       Close of business (London)        22 December 2003

Payment Date:                                                              31 December 2003

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.


21 November 2003
Richard Russell
Company Secretary
GPG (UK) Holdings plc




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