Director/PDMR Shareholding

GUINNESS PEAT GROUP PLC

Change of Directors' Interests

Guinness Peat Group ("GPG") announces the following changes in Directors' interests following the allotment of shares on 4 June 2010 pursuant to the 2010 Capitalisation Issue:

1.

Interests in the ordinary shares of Guinness Peat Group plc

Allotment

Current Total

Sir Ron Brierley*

5,223,535

57,458,897

Tony Gibbs

852,088

9,372,971

Ron Langley

88,000

968,000

Blake Nixon

1,543,870

16,982,572

Gary Weiss

1,850,373

20,354,121

*As a result, Sir Ron Brierley's interests represent 3.16% of GPG's total shares in issue and consequent voting rights.

2.

Interests in options over the ordinary shares of GPG under the Company's share option schemes

As a result of the 2010 Capitalisation Issue, under which a bonus issue of new shares was made at the rate of 1 new share for every 10 shares held, options held under the Company's share option schemes have also been adjusted. As a consequence Directors' interests in the Company's share options are now as follows:

Total Number of Options Adjusted for 2010 Capitalisation Issue

Exercise Prices adjusted for 2010 Capitalisation Issue

Dates Exercisable Between

Sir Ron Brierley

3,876,942

Between 17.18p - 55.75p

17/10/04 - 10/04/2018

Tony Gibbs

12,685,376

Between 17.18p - 55.75p

02/09/04 - 10/04/2018

Blake Nixon

12,685,374

Between 17.18p - 55.75p

02/09/04 - 10/04/2018

Gary Weiss

12,685,377

Between 17.18p - 55.75p

02/09/04 - 10/04/2018

Note: As a result of the adjustments there is no change in the economic interests of the Directors in options held under the Company's share option schemes.

3.

Directors' interests in the shares of quoted subsidiary companies of GPG remain as follows:

Interests in the ordinary shares of Turners and Growers Ltd (listed on the New Zealand Stock Market)

Tony Gibbs

72,086

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

7 June 2010