Payment of CLN Interest

17 May 2005 16:53

GPG (UK) Holdings PLC17 May 2005 For immediate release GPG (UK) Holdings plc GPG (UK) Holdings plc advises that the final interest payment of 0.8p per 8%Convertible Loan Note (2005) ("CLNs") (being the interest payment for the firsthalf of 2004) falls due for payment on Thursday 30 June 2005. In accordancewith the Trust Deed the timetable is as follows: Record Date Friday 10 June 2005 Exchange Rate Set Date Thursday 23 June 2005 Payment Date Thursday 30 June 2005 Interest is payable in £ sterling. Noteholders on the New Zealand register willautomatically receive their interest in NZ$ save that those shareholders whosedetails transferred from the Australian Register to the New Zealand Register onclosure of the Australian Register will automatically receive their interest inAus$. Alternatively Noteholders may elect to receive their interest not in thecurrency of the Register on which their names appear but in £ Sterling, NZ$ orAus$. The exchange rate for NZ$ or Aus$ payments will be that available inLondon on 23 June 2005. Elections must be made in respect of complete holdingsonly and must be received by the relevant Registrar by close of business on 23June 2005. No partial elections will be accepted. Note that the payment of interest on the CLNs should not be confused with theredemption and for conversion of the fifth and final tranche of CLNs which alsotakes place as at 30 June 2005 (for details of which see separate Announcement). Richard Russell Company Secretary 17 May 2005 This information is provided by RNS The company news service from the London Stock Exchange