GUINNESS PEAT GROUP plc

(“GPG” or “the Company”)

Preliminary Results for the Year Ended 31 December 2011 Chairman’s Statement

“Do not dwell in the past,

do not dream of the future,

concentrate the mind on the present moment.” Buddha

The 2011 financial year saw the announcement and implementation of the strategy to realise value for shareholders by discontinuation of new investment and orderly recoupment of value from the investment portfolio. This strategy was endorsed by shareholders at the Annual General Meeting in June 2011. Since that time the Board and management have devoted their efforts to the implementation of that strategy.

It is fair to say that market conditions have not been conducive to either equity value increase on a macro level nor to specific asset sales at enhanced values. However, we consider that sound progress has been made. From 1 January 2011 to 17 February 2012 total net proceeds of £165 million have been generated through the completed or partially completed sales of 48 investments. Furthermore, we now have in place a number of value enhancement projects and a number of value realisation projects. I will touch on these later.

This statement, which accompanies the preliminary results for the 2011 financial year, contains…

Full Statement (PDF File)