Guinness Peat Group PLC
01 February 2008
Newbury Racecourse plc
The following is the text of a letter which is being sent today by Guinness Peat
Group plc ("GPG") to Newbury Racecourse plc ("Newbury") in connection with GPG's
purchase of shares in Newbury.
"Disclosure of Interest in Shares pursuant to Rule 8.1 of the Takeover Code
("the Code")
Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify
Newbury Racecourse plc ("Newbury") that, following the on-market acquisitions on
31 January 2008 of 5,000 Ordinary shares of Newbury ("Shares") at £11.50 per
Share, and 5,500 Shares at £11.50 the Group's direct interest now amounts to
797,972 Shares representing 26.21% of the issued share capital of Newbury.
The Group has no interest in options or derivatives in the shares of Newbury.
Therefore, following the above transactions, in accordance with its disclosure
obligations under Rule 8.1 of the Code, the Group has a long interest in
relevant securities (as defined in the Code) in aggregate totalling 26.21% of
the issued shares of Newbury.
The Group has an interest by virtue of being a Rule 8.1 shareholder of Newbury.
No member of the Group is party to any agreement or arrangement relating to the
exercise of any rights conferred by holding the Shares the subject of this
notification."
Richard Russell
Company Secretary
Guinness Peat Group plc
Tel: (0)20 7484 3370
1 February 2008
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