Dir. Shareholding - Replcmt

Guinness Peat Group PLC
29 May 2003



                             GUINNESS PEAT GROUP plc


                              COMPANY ANNOUNCEMENT


                           DIRECTORS' SHARE INTERESTS


The following replaces the Director Shareholding announcement released 28 May
2003, at 16:18 under RNS number 6410L. Dr G H Weiss' holding of Guinness Peat
Group plc Ordinary Shares should be 4,253,033, and not 4,523,033, as previously
stated. All other details remain unchanged, and the full amended text appears
below.

"Following the allotment of shares on 16 May 2003 under the Company's Scrip
Dividend Alternative allotted at a rate of 1 new share for every 50 elected and
the allotment of shares on 27 May 2003 under the 2003 Capitalisation Issue,
Guinness Peat Group plc ("GPG") announces the following increased interests of
its directors in the securities of the Group:

                         Guinness Peat Group plc        GPG (UK) Holdings plc
                        Ordinary Shares of 5p each     Convertible Loan Notes

Sir Ron Brierley               26,716,702                   1,966,789
T J N Beyer                     995,806                     1,000,000
G J Cureton                     135,400                         -
A I Gibbs                       403,180                      688,846
B A Nixon                      4,291,005                       675
Dr G H Weiss                   4,253,033                        -

GPG currently has 696,461,732 ordinary shares of 5p each in issue, and GPG (UK)
Holdings plc has 34,247,002 CLNs in issue".


Richard Russell
Company Secretary
29 May 2003


                      This information is provided by RNS
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