Result of Equity Issue

Guinness Peat Group PLC 27 May 2003 GUINNESS PEAT GROUP plc COMPANY ANNOUNCEMENT 2003 CAPITALISATION ISSUE Guinness Peat Group plc ("GPG") announces that on Tuesday 27 May 2003 it allotted 63,301,316 Ordinary shares of 5p each in respect of its 2003 Capitalisation Issue to shareholders on the UK, Australian and New Zealand share registers. Richard Russell Company Secretary 27 May 2003 This information is provided by RNS The company news service from the London Stock Exchange

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