GUINNESS PEAT GROUP plc

("GPG" or "the Company")

ANNOUNCEMENT

GPG announces that it has been informed by Morgan Stanley and its subsidiary companies ("MS") that on 5 October 2011 the interest of MS reduced to below 3% of GPG's total issued share capital and consequent total voting rights.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

11 October 2011

Enquiry details are:

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

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