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 28 February 2013 by Accident Compensation Corporation ("ACC") that on 27 February 2013 ACC's holding in GPG increased to 106,407,420 shares being 7.0% of the Company's total voting rights.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

28 February 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