Change of Director's Interests

GUINNESS PEAT GROUP plc

("GPG" or "the Company")

ANNOUNCEMENT

Change of Director's Interests

GPG announces that on 8 March 2012 Mr Scott Malcolm acquired 200,000 shares in GPG at a price of A$0.3999 per share. Mr Malcolm now holds a total of 200,000 shares in GPG.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

8 March 2012

Enquiry details are:

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

UK media: Kevin Smith on: +44 20 7282 1054