Operating Subsidiaries

Coats plc
Canberra Investment Corporation Ltd
Capral Aluminium Ltd
Gosford Quarry Holdings Ltd
TAFMO Ltd
Turners & Growers Ltd
Staveley Inc.

Associate Companies

Autologic Holdings plc
The Maryborough Sugar Factory Ltd
Newbury Racecourse plc
Rattoon Holdings Ltd
Tower Australia Group Ltd

Joint Ventures

The following is a joint-venture company of the Group:

Australian Country Spinners Pty Ltd
Green’s General Foods Pty Ltd

Other Shareholdings

Guinness Peat Group plc has disclosed holdings in the following companies:

United Kingdom

Ashley House plc
Dawson International plc
Nationwide Accident Repair Services plc
Young & Co’s Brewery P.L.C. (“A”Shares)

Australia

AV Jennings Ltd
Capilano Honey Ltd
eServglobal Ltd
GME Resources Ltd
Farm Pride Foods Ltd
Intellect Holdings Ltd
Metals X Ltd
MMC Contrarian Ltd
MYOB Ltd
NSX Ltd
Symex Holdings Ltd
Tandou Ltd
Tooth & Co Ltd

New Zealand

Tower Ltd
Turners Auctions Ltd

France

Dollfus Mieg et Cie

Singapore

Pertama Holdings Ltd

USA

Santa Fe Financial Corporation

* Details correct as at 26 March 2008.