Guardian Holdings Ltd. (GHL)- Interim Dividend

At a Board of Directors meeting the following decisions were taken:

(i) For the half year ending 30th June , 2002 an interim dividend of eleven (11) cents per share be paid to shareholders on record as at August 22, 2002.

(ii) The Transfer Books and the Register of Members will therefore close from August 22nd to 23rd, 2002. The dividend cheques will be mailed out on the 28th August 2002.