Coats Regulatory News (COA)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Guinness Peat Group Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

Na

Other (please specify):

Na

3. Full name of person(s) subject to thenotification obligation: iii

Accident Compensation Corporation

4. Full name of shareholder(s)  (if different from 3.):iv

As above

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

21 July 2014

6. Date on which issuer notified:

22 July 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B4YZN328

55,561,927

55,561,927

41,800,459

41,800,459

0

2.970%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Na

Na

Na

Na

Na

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Na

Na

Na

Na

Na

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

41,800,459

2.970%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Direct Holding held by Accident Compensation Corporation via NZCSD Ltd

Proxy Voting:

10. Name of the proxy holder:

Na

11. Number of voting rights proxy holder will ceaseto hold:

Na

12. Date on which proxy holder will cease to holdvoting rights:

Na

13. Additional information:

14. Contact name:

Matthew Cunliffe

15. Contact telephone number:

+64 4 816 5743

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Accident Compensation Corporation

Contact address

(registered office for legal entities)

Justice Centre Level 7

19 Aitken Street

PO Box 242

Wellington

New Zealand

Phone number & email

+64 4 816 5743

Matthew.Cunliffe@acc.co.nz

Other useful information

(at least legal representative for legal persons)

Mike Mercier +64 4 816 7518

Mike.mercier@acc.co.nz

B: Identity of the notifier, if applicable

Full name

Matthew John Cunliffe

Contact address

Justice Centre Level 7

19 Aitken Street

PO Box 242

Wellington

New Zealand

Phone number & email

+64 4 816 5743

Matthew Cunliffe

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

Investments Compliance Officer

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.