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 5 June 2009 pursuant to the 2009 Capitalisation Issue:

1.

Interests in the ordinary shares of Guinness Peat Group plc

Allotment

Current Total

Sir Ron Brierley

4,647,281

51,120,195

Tony Gibbs

753,108

8,284,192

Ron Langley

80,000

880,000

Blake Nixon

1,249,050

13,739,554

Gary Weiss

1,541,775

16,959,539

2.

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

As a result of the 2009 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 2009

Capitalisation

Issue

Exercise Prices adjusted for 2009 Capitalisation Issue

Dates

Exercisable

Between

Sir Ron Brierley

3,524,493

Between

18.89p - 61.33p

17/10/04 - 10/04/2018

Tony Gibbs

15,552,458

Between

18.70p - 61.33p

02/09/04 - 10/04/2018

Ron Langley

Nil

Blake Nixon

15,552,456

Between

18.70p - 61.33p

02/09/04 - 10/04/2018

Gary Weiss

16,071,207

Between

18.70p - 61.33p

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 listed securities of Capral Ltd (listed on the Australian Securities Exchange)

Ordinary

Convertible

Shares

Notes

Gary Weiss

186,510

241

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

Tony Gibbs

72,086

Richard Russell

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

8 June 2009