Announcement re Rule 2.4(b)

Quintain Estates & Development PLC
30 July 2007

30 July 2007


               Quintain Estates and Development PLC ('Quintain')

         Request to the Panel regarding the application of Rule 2.4(b)



Following the announcement on 16th July, 2007 that Quill Securities Limited
('Quill Securities') was evaluating its options in relation to Quintain, the
board of Quintain has requested that the Panel impose a time limit on Quill
Securities to clarify its intentions towards Quintain.

John Plender, Chairman of Quintain, commented as follows:

'We have an outstanding team at Quintain and the Board supports the management's
desire to realise the full potential of the business for all of our
shareholders.  This is a very active time for Quintain and we are concerned that
a protracted period of uncertainty will be detrimental to the Company and have
therefore requested the Panel to set a deadline for HBOS.'

Adrian Wyatt, Chief Executive of Quintain, commented as follows:

'This Company has delivered sector leading returns since inception.  The
management has positioned the business to continue this outperformance.  The
exciting prospects of our two major urban regeneration projects at Wembley and
Greenwich are well known.  Whether it is our model of running towns as
businesses and the roll-out of this to the regions or our sustainability
credentials or our growing specialist fund management, there is a huge amount of
value to be created.  The management team is committed to delivering this for
all our shareholders.  Our position in winning mandates is strengthened by the
transparency and corporate governance of being a public company.'





Enquiries:

Quintain 020 7495 8968
John Plender
Rebecca Worthington

Lazard 020 7187 2000
William Rucker
Peter Kiernan

JPMorgan Cazenove 020 7588 2828
Richard Cotton
Robert Fowlds

Financial Dynamics 020 7831 3113
Stephanie Highett
Dido Laurimore



Lazard & Co., Limited ('Lazard'), which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting exclusively for
Quintain and no one else in relation to the matters referred to in this
announcement and will not be responsible to anyone other than Quintain for
providing the protections afforded to clients of Lazard or for giving advice in
relation to the matters referred to in this announcement.

JPMorgan Cazenove Limited ('JPMorgan Cazenove'), which is authorised and
regulated in the United Kingdom by the Financial Services Authority, is acting
exclusively for Quintain and no one else in relation to the matters referred to
in this announcement and will not be responsible to anyone other than Quintain
for providing the protections afforded to clients of JPMorgan Cazenove Limited
or for giving advice in relation to the matters referred to in this
announcement.




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