Change of Director's Interests

GENERAL TEXT AMENDMENT

The following amendment has been made to the announcement released today at 10.57 am under RNS No 7661Q.

The number of shares which Sir Ron Brierley sold has been amended.

All other details remain unchanged.

GUINNESS PEAT GROUP PLC

("GPG" or the "Company")

Change of Director's Interests

GPG announces that Sir Ron Brierley sold 5,000,000 shares in GPG on 8 November 2012 at a price of A$0.46.

Sir Ron Brierley now holds a total of 41,882,765 shares in GPG representing 2.58% of the Company's total voting rights.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

9 November 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