Stock Events

Guinness Peat Group PLC
15 April 2002



                         GUINNESS PEAT GROUP plc 
                         ('GPG') or 'the Company')

                     PROPOSED YEAR END TIMETABLE 2002

On 15 March 2002 the Company announced that payment of an interim dividend in
respect of the year ended 31 December 2001 would be made on 3 May 2002. An
Extraordinary General Meeting of the Company will be held on 3 May 2002 to
consider and hopefully approve the allotment of shares under the Scrip Dividend
Alternative and the proposed Capitalisation Issue. A circular will be posted on
16 April 2002 which will contain further details of the Interim Dividend, the
Scrip Dividend Alternative and the Capitalisation Issue and Notice of EGM.

In order to accommodate the different market practices of the London Stock
Exchange ('LSE'), Australian Stock Exchange ('ASX') and New Zealand Stock
Exchange ('NZSE'), being those markets on which GPG's shares are quoted and
subject to approval by shareholders, the Stock Events timetable will be as
follows*:

Preliminary announcement of results, dividend and Scrip Dividend 15.03.02 
Alternative and Capitalisation Issue
Shares marked ex-dividend (ASX)                                  25.03.02 
Shares marked ex-dividend (UK)                                   27.03.02 
Record date for dividend                                         02.04.02 
Head securities quoted ex-dividend (NZSE)                        03.04.02 
Post out Circular with Forms of Election for the Scrip Dividend 
and Notice of EGM                                                16.04.02
Final date for receipt of EGM proxies (48 hours in advance      
of the EGM)                                                      01.05.02
Final date for receipt of Scrip Dividend elections               07.05.02 
EGM (11:00am UK time)                                            03.05.02 
Allotment of Scrip Shares (5:00pm)                               10.05.02 
Payment of Cash Dividend **                                      13.05.02 
Update of UK CREST accounts (5:00am UK time)                     13.05.02 
Dealings commence in Scrip Dividend Shares                       13.05.02 
Dispatch of FASTER mailings notifying NZ holders of the change   
in holdings following the Scrip Dividend allotment               13.05.02
Dispatch of Scrip Dividend Share Certificates                    13.05.02 
Shares marked Ex-Capitalisation on ASX and traded on deferred       
settlement basis                                                 14.05.02
Record date for Capitalisation Issue                             17.05.02 
Update of UK CREST accounts (5:00am UK time)                     20.05.02 
Allotment of Capitalisation Shares (5:00pm UK time)              20.05.02 
Shares marked Ex-Capitalisation in UK                            20.05.02 
Head shares marked Ex-Capitalisation Shares in NZ                21.05.02
Last day of deferred settlement trading on ASX                   21.05.02 
Dealings commence in Capitalisation Shares on LSE and NZSE       21.05.02 
Post out Capitalisation Shares Certificates (UK and Australia)   21.05.02 
Dealings commence in Capitalisation Shares (ASX)                 22.05.02 
Dispatch of FASTER mailings in NZ notifying NZ holders of change 
in holdings following Capitalisation Issue                       22.05.02 



Notes:
*  Actions take place on all three Exchanges on the date specified unless 
   otherwise indicated.

** The cash payment will be made to Shareholders on the Australian and New 
   Zealand share registers in Australia and New Zealand dollars respectively, 
   calculated at the rates of exchange ruling at 4:30pm (UK time) on 3 May 2002. 
   Shareholders on all 3 registers will have the opportunity to elect for one of 
   the other two currencies, and a circular containing further information and a 
   currency election form will be circulated with the Annual Report.

To ensure the integrity of the registers over record dates and 'ex' dates the 3 
registers will be closed for transmissions between the registers at certain 
times.



Enquiries: Richard Russell, Company Secretary 020 7236 0 336



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