Result of AGM

Guinness Peat Group PLC
13 June 2006

                            GUINNESS PEAT GROUP PLC
                                  ANNOUNCEMENT

Results of Shareholder Meeting

Guinness Peat Group plc ("GPG" or the "Company") announces that at its Annual
General Meeting ("AGM") held in London on 13 June 2006, all of the resolutions
put to the meeting were duly passed.

Valid proxy appointments and associated voting instructions appointing the
Chairman of the meeting were as follows:

Resolution  Brief Description                                                               For         Against

         1. To receive the directors' Report & Accounts.                                  438,059,537   16,745,531
         2. To receive and approve the directors' remuneration report.                    388,088,160   46,626,731
         3. To re-elect Sir Ron Brierley a director.                                      454,746,502      454,953
         4. To re-elect Gary Weiss a director.                                            454,294,374      504,301
         5. To appoint Deloitte & Touche LLP as auditor.                                  454,587,649      217,489
         6. To authorise the directors to fix the remuneration of the auditor.            454,602,488      202,650
         7. To authorise the directors to allot securities.                               387,204,423   67,165,116
            (Companies Act 1985, s.80).
         8. To approve the Capitalisation Issue 2006.                                     421,816,425       74,690
         9. To authorise the directors generally to offer scrip dividend                  454,606,709      198,429
            alternatives. (Special Resolution).
        10. To disapply statutory pre-emption provisions (Companies Act 1985, s.95)       387,030,497   67,774,641
            (Special Resolution).
        11. To authorise the Company generally to make market purchases of its own        454,464,198      340,940
            ordinary shares.  (Companies Act, s.166) (Special Resolution)

Votes were withheld as follows:

•                Resolution 2 - 20,090,177

•                Resolution 4 - 6,463

•                Resolution 7 - 39,282

•                Resolution 8 - 32,914,023


Notes to the disclosures

1.     Any proxy appointments which gave discretion to the Chairman have been
included in the "for" total.

2.        Any proxy appointments in respect of a named individual rather than "
the Chairman of the meeting" or another director of the Company have been
excluded from this disclosure.  Had these been included, they would in all cases
in aggregate have increased the votes in favour of the resolutions.

Consequent upon the approval of Resolution 8 application is being made to the UK
Listing Authority for the listing of up to 104,638,073 shares for the proposed
allotment of shares on 30 June 2006 in respect of the Capitalisation Issue 2006.
Application will also be made for the official quotation of these shares on
the Australian Stock Exchange, where they will be quoted (and will trade) as
CHESS Depository Instruments on completion of allotment procedures.  These
shares have been accepted for quotation on the New Zealand Stock Exchange and
will be quoted on completion of allotment procedures.  Confirmation in respect
of this allotment will be announced as it occurs.

J R Russell
Company Secretary
13 June 2006


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