Guinness Peat Group PLC
21 April 2008
Re Fiberweb plc
The following is the text of a letter which is being sent today by Guinness Peat
Group plc ("GPG") to Fiberweb plc ("Fiberweb") in connection with GPG's purchase
of shares in Fiberweb.
"Disclosure of Interest in Shares pursuant to Rule 8.3 of the Takeover Code
("the Code")
Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify
Fiberweb plc ("Fiberweb") that, following the market acquisitions of 750,000
Ordinary shares of Fiberweb ("Shares") on 18 April 2008 at £0.55 per Share, the
Group's direct interest now amounts to 2,563,300 Shares representing 2.09% of
the issued share capital of Fiberweb.
At the close of business on the date of the transaction disclosed above, the
Group also had an economic interest by way of Contracts for Difference in
respect of 1,340,000 Shares representing 1.09% of the issued share capital of
Fiberweb.
Therefore, following the above transaction, in accordance with its disclosure
obligations under Rule 8.3 of the City Code the Group has an economic interest
in an aggregate 3.19% of the issued share capital of Fiberweb.
The Group has an interest by virtue of being a Rule 8.3 shareholder of Fiberweb.
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
21 April 2008
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