Guinness Flight Venture Capital Trust PLC purchased in the market 61,000 of its
own ordinary shares at a price of 45p per share on 4 June 2003. These shares
will be cancelled and the revised number of ordinary shares in issue will
become 28,720,991.

The purchase of ordinary shares was made pursuant to the authority given to the
directors at the annual general meeting on 20 June 2002.



END