Appointment of Peel Hunt as broker

GUINNESS PEAT GROUP PLC

("GPG" or the "Company")

Appointment of Peel Hunt as broker

GPG is pleased to announce the appointment with immediate effect of Peel Hunt LLP as broker in the UK.

Rob Campbell, Chairman of GPG, commented "This is a further important step along the road of restructuring and re-presenting GPG as the Coats business stand-alone to the market. Peel Hunt will work with GPG/Coats and brokers in other markets to ensure that investors have a clear understanding of the Coats business, its global presence and potential."

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

18 March 2013

Enquiries:Guinness Peat Group plc Nick Tarn +44 20 7484 3370

Peel Hunt Dan Webster +44 20 7418 8900

Charles Batten

New Zealand and Australian media: Geoff Senescall +64 9 309 5659

UK media: Kevin Smith +44 20 7282 1054