Payment of Interest

GPG (UK) Holdings PLC
02 June 2004

For immediate release


                             GPG (UK) Holdings plc



GPG (UK) Holdings plc advises that the next interest payment of 0.8p per 8%
Convertible Loan Note (2005) ('CLNs') (being the interest payment for the first
half of 2004) falls due for payment on Wednesday 30 June 2004.  In accordance
with the Trust Deed the timetable is as follows:

          Record Date                  Friday 11 June 2004
          Exchange Rate Set Date       Wednesday 23 June 2004
          Payment Date                 Wednesday 30 June 2004

Interest is payable in £ sterling.  Noteholders on the New Zealand register will
automatically receive their interest in NZ$ save that those shareholders whose
details transferred from the Australian Register to the New Zealand Register on
closure of the Australian Register will automatically receive their interest in
Aus$.  Alternatively Noteholders may elect to receive their interest not in the
currency of the Register on which their names appear but in £ Sterling, NZ$ or
Aus$.  The exchange rate for NZ$ or Aus$ payments will be that available in
London on 23 June 2004.  Elections must be made in respect of complete holdings
only and must be received by the relevant Registrar by close of business on 23
June 2004.  No partial elections will be accepted.

Note that the payment of interest on the CLNs should not be confused with the
redemption and for conversion of the fourth tranche of CLNs which also takes
place as at 30 June 2004.


Richard Russell
Company Secretary


2 June 2004


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