Guinness Peat group plc announces that Maurice Loomes, an Australian based director of the Company, has decided to relinquish his executive role on 31 December 1999.

Blake Nixon, UK Executive Director of Guinness Peat Group plc ("GPG") has written to Mr John Young, Chairman of Young & Co`s Brewery PLC ("Young & Co"), proposing three resolutions for the Young & Co Annual General Meeting due to be held on 20 July.

In accordance with the Rules of the London Stock Exchange, Guinness Peat Group plc draws the attention of shareholders to a resolution to be put to them at the forthcoming AGM on 11 May 1999, dealing with a general power to allow the Company to repurchase its own shares should appropriate circumstances arise.

In order to accommodate the different market practices of the London Stock Exchange ("LSE"), Australian Stock Exchange ("ASX") and New Zealand Stock Exchange ("NZSE"), being those markets on which GPG`s shares are quoted, the Company announces that payment of the dividend is proposed to be postponed until 14 May 1999.

GPG announces that it has today posted a Circular to the shareholders of GPG convening an Extraordinary General Meeting of the Company at which resolutions will be proposed to approve the disposal (the "Proposed Disposal") of shares in Tyndall, either to a subsidiary of Royal & Sun Alliance Insurance Group plc ("RSA") which has announced an offer for Tyndall (the "RSA Offer") or to a third party making a higher cash offer.

Guinness Peat Group plc ("GPG") has today been advised that on 1 March 1999, Directors of GPG executed options over Ordinary Shares in Tyndall Australia Ltd, a consolidated subsidiary of GPG and in which GPG holds a 50.1% stake.

Guinness Peat Group plc ("GPG") announces that earlier today, Kuvondo Limited, a wholly owned subsidiary of GPG, entered into a conditional agreement ("Agreement") with RSA Overseas Holdings B.V., a wholly owned subsidiary of Royal & Sun Alliance Insurance Group plc ("RSA") for the sale of 25.1 million of the shares Kuvondo currently holds in Tyndall Australia Limited ("Tyndall") at a price of A$2.80 per share (£1.09).

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