Conditional Cash Offer

GUINNESS PEAT GROUP plc

("GPG" or "the Company")

ANNOUNCEMENT

GPG made the following announcement today to the Australian Securities Exchange and the New Zealand Main Market.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

GUINNESS PEAT GROUP PLC

("GPG" or the "Company")

GPG notes that ClearView Wealth Limited has today received a conditional cash offer for all of the outstanding shares in the Company at a price of A$0.50 per share.

GPG holds 210.7m shares, representing 47.8 per cent of the issued capital in ClearView Wealth Limited.

In GPG's opinion, the price offered represents a substantial discount to the fair value of ClearView Wealth Limited and is wholly inadequate. 

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

12 July 2012

Enquiry details are:

New Zealand and Australian media: Anthony Eisen (CIO) on: +61 (0) 405 159 888

Geoff Senescall on: +64 9 309 5659

UK media: Kevin Smith on: +44 20 7282 1054