Directors' Dealings

Guinness Peat Group PLC
03 April 2007





                            GUINNESS PEAT GROUP PLC



Pursuant to Disclosure and Transparency Rule 3.1.4 and to s.324 of the Companies
Act 1985, Guinness Peat Group plc ("GPG") announces the following changes in
directors' interests following an exercise of a share option over ordinary
shares of GPG ("Shares") and the recent issue of convertible unsecured notes by
its Australian subsidiary, Capral Aluminium Ltd ("Capral").



1.   Exercise of Share Option

On 2 April 2007, Tony Gibbs exercised an option to acquire 612,420 at a price of
31.0262p per Share.  The Shares have been registered on the New Zealand branch
register and Tony Gibbs is now interested in 5,071,485 Shares, which is 0.44% of
GPG's issued share capital.



2.   Capral convertible unsecured notes

Following the recent offer to its shareholders in Australia by Capral of an
issue of convertible unsecured notes, Graeme Cureton and Gary Weiss now hold 371
and 241 respectively of these notes.







Richard Russell
Company Secretary
Guinness Peat Group plc
Tel: [phone]



3 April 2007


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