Guinness Peat Group plc, the strategic investment company, announces that it has disposed of 3,362,585 common shares in PICO (10.44%) out of its existing 17.53% holding for US$14,711,000 (£8,970,000) in cash.

Blake Nixon, UK Executive Director of Guinness Peat Group plc ("GPG") has written to Mr Harry Tuley, Chairman of Staveley Industries plc ("Staveley" or "the Group"), proposing three resolutions for the Staveley Annual General Meeting due to be held on 28 July.

Blake Nixon, UK Executive Director of Guinness Peat Group plc ("GPG") has written to Mr John Young, Chairman and Chief Executive of Young & Co`s Brewery PLC ("Young & Co"), proposing five resolutions for the Young & Co Annual General Meeting due to be held on 21 July.

On 11 March 1998 Guinness Peat Group plc ("GPG") announced its preliminary results for the year ended 31 December 1997 together with the terms of the Rights Issue and proposed Scrip Dividend Alternative, Capitalisation Issue and Consolidation (together "the Stock Events").

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