ALLOT: GPG: SCRIP DIVIDEND ALTERNATIVE

17 May 2010 11:33 am

GPG 17/05/2010 ALLOT

REL: 1133 HRS Guinness Peat Group Plc

ALLOT: GPG: SCRIP DIVIDEND ALTERNATIVE

Guinness Peat Group plc ("GPG") announces that on Friday 14 May 2010 it allotted 29,115,428 Ordinary shares of 5p each ("Shares") in respect of its Scrip Dividend Alternative to shareholders on the UK, Australian and New Zealand share registers. Following this allotment, GPG's issued Shares and consequent voting rights total 1,652,530,086.

GPG has applied for admission of the Shares to the Official List of the UK Listing Authority ("UKLA") and for admission to trading on the London Stock Exchange's ("LSE") main market for listed securities. Application has also been made for quotation of the shares on the Australian Securities Exchange ("ASX") in CDI form. The Shares will be automatically tradable on the New Zealand Stock Market ("NZSX") as from issue.

It is expected that listing of the Shares by the UKLA and admission to trading on the LSE will take place on 17 May 2010. Trading on the ASX and NZSX is also expected to commence on 17 May 2010.

Chris Healy Company Secretary Guinness Peat Group plc Tel: +44 20 7484 3370

14 May 2010 End CA:00194964 For:GPG Type:ALLOT Time:2010-05-17:11:33:35

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