Guinness Peat Group plc Cash Offer Facility for Staveley Industries plc

the intended transfer to escrow settlement date. This should be assoon as possible and in any event not later than 3.00 p.m. on13 September 2000;the Corporate Action ISIN, which is GB0008423542;the Corporate Action Number for the Offer. This is allocated byCRESTCo and can be found by viewing the relevant CorporateAction Details in CREST; andr the Delivery Instructions with a priority of 80.After settlement of the TTE instruction, you will not be able to access theStaveley Shares concerned in CREST for any transaction or chargingpurposes. If the Offer becomes or is declared unconditional in all respects,the Escrow Agent will transfer the Staveley Shares concerned to itself inaccordance with paragraphs (e) and (f) of Part C of Appendix I of thisdocument.You are recommended to refer to the CREST manual published byCRESTCo for further information on the CREST procedures outlinedabove. For ease of processing, you are requested, wherever possible, toensure that a Form of Acceptance relates to only one transfer to escrow.If no Form of Acceptance reference number, or an incorrect Form ofAcceptance reference number, is included on the TTE instruction,GPG Acquisitions may treat any amount of Staveley Shares transferredto an escrow balance in favour of the Escrow Agent specified above fromthe participant ID and member account ID identified in the TTEinstruction as relating to any Form(s) of Acceptance which relate(s) tothe same member account ID and participant ID (up to the amount ofStaveley Shares inserted or deemed to be inserted on the Form ofAcceptance concerned).You should note that CRESTCo does not make available specialprocedures, in CREST, for any particular corporate action. Normalsystem timings and limitations will therefore apply in connection with aTTE instruction and its settlement. You should therefore ensure that allnecessary action is taken by you (or by your CREST sponsor) to enableany TTE instruction relating to your Staveley Shares to settle prior to3.00 p.m. on 13 September 2000. In this regard, you are referred inparticular to those sections of the CREST manual concerning practicallimitations of the CREST system and timings.GPG Acquisitions will make an appropriate announcement if any of thedetails contained in this paragraph (d) alter for any reason in any respectthat is material to Staveley Shareholders.(e)Deposits of Staveley Shares into, and withdrawals of Staveley Sharesfrom, CRESTNormal CREST procedures (including timings) apply in relation to anyStaveley Shares that are, or are to be, converted from uncertificated tocertificated form, or from certificated to uncertificated form, during thecourse of the Offer (whether any such conversion arises as a result of atransfer of Staveley Shares or otherwise). Holders of Staveley Shares who14