DEALINGS BY SUBSTANTIAL SHAREHOLDERS

Geest PLC was notified on 26 November 2003, pursuant to Section 198 of the
Companies Act 1985, that Franklin Resources Inc and its affiliates, which
includes Franklin Mutual Advisers, LLC and Templeton Worldwide, Inc and its
affiliates now have discretion to exercise voting rights in respect of
3,770,714 ordinary shares in Geest PLC representing 5.0266% per cent of the
issued share capital.

The holdings include shares notified previously and represent the current total
holdings of the above named.

Enquiries:

Dawn Durrant

Company Secretary

Geest PLC

Tel: 01775 763085



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