Holding(s) in Company

Guinness Peat Group PLC
13 December 2005

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     GUINNESS PEAT GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     MERRILL LYNCH & CO., INC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

      SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

      NOT ADVISED

5)   Number of shares/amount of stock acquired.

      NOT ADVISED

6)   Percentage of issued Class


7)   Number of shares/amount of stock disposed


8)   Percentage of issued Class


9)   Class of security

     ORDINARY SHARES OF 5P EACH

10)  Date of transaction

     7 DECEMBER 2005

11)  Date company informed

     13 DECEMBER 2005

12)  Total holding following this notification

     41,135,333
               
13)  Total percentage holding of issued class following this notification

      4.2%

14)  Any additional information



15)  Name of contact and telephone number for queries

     RICHARD RUSSELL - 020 7484 3370

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification 13 DECEMBER, 2005






             





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