Guinness Flight Venture Capital Trust PLC purchased in the market 39,863 of its
own ordinary shares at a price of 40p per share on 29 August 2003. These shares
will be cancelled and the revised number of ordinary shares in issue will
become 28,656,128.

The purchase of ordinary shares was made pursuant to the authority given to the
directors at the annual general meeting on 10 June 2003.



END