Guinness Peat Group PLC
24 January 2008
Newbury Racecource 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 8.1/8.3 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
23 January 2008 of 5,500 Ordinary shares of Newbury ("Shares") and on 24 January
2008 of 50,104 Shares, all at £11.50 per Share, the Group's direct interest now
amounts to 692,922 Shares representing 22.76% 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 8.1/8.3 of the Code, the Group has a long interest in
relevant securities (as defined in the Code) in aggregate totalling 22.76% of
the issued shares of Newbury.
The Group has an interest by virtue of being a Rule 8.1/8.3 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
24 January 2008
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