GPG
14/01/2013 08:30
GENERAL

REL: 0830 HRS Guinness Peat Group Plc

GENERAL: GPG: Update on Share Buyback

Guinness Peat Group plc
("GPG" or the "Company")

Update on Share Buyback

On 25 October 2012 the Company announced its intention to buy back ordinary
shares up to a value of 70 million and since then has been reporting
purchases in accordance with applicable law and regulation. The Company has
also issued total voting rights announcements as required by UK Disclosure
and Transparency Rule ("DTR") 5.6.

This announcement is being issued to assist in providing further
clarification as to the status of the share buyback and the subsequent
cancellations of ordinary shares as at 31 December 2012, the Company's
financial year end.

No. of shares

Shares in issue as at 30 June 2012 1,622,676,844

Shares issued pursuant to the exercise of share options by 31 December
338,248

Shares purchased and cancelled by 31 December 2012 (57,079,102)

Shares in issue as at 31 December 2012 1,565,935,990

Shareholders and market participants should note that the Company's total
voting rights announcements are made in accordance with the DTRs regarding
the Company's total issued voting share capital. Such announcements are only
required to be made at the intervals specified under the DTRs and relate to
the total number of the Company's voting shares in issue. Until any share
purchases effected by the Company have settled, and the relevant shares
cancelled, there is no effect on the Company's total issued voting share
capital and any such change to the Company's total issued voting share
capital would only fall to be disclosed at the next interval specified under
the DTRs. As at 31 December 2012, 23,480,921 shares had been purchased by the
Company but had not yet been cancelled.

The Company will make a similar clarificatory announcement following the end
of each calendar month whilst the share buyback continues.

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

11 January 2013

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Enquiry details are:

New Zealand and Australian media: Geoff Senescall on: +64 9 309 5659
UK media: Kevin Smith on: +44 20 7282 1054

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End CA:00231981 For:GPG Type:GENERAL Time:2013-01-14 08:30:14

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