Notification of Major Interests in Shares

GUINNESS PEAT GROUP PLC

("GPG" or the "Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES

GPG announces that it was informed on 24 September 2013 by David Bonderman and James G. Coulter, Augustus Advisors, LLC that as a result of an Equity Swap dated 30 August 2013 they have a notifiable interest in 51,648,178 shares in GPG (being 3.67% of GPG's total voting rights) which is held by Octavian Special Master Fund, L.P.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

25 September 2013

Enquiry details are:

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

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