Director Shareholding

Quintain Estates & Development PLC
05 June 2003


Quintain Estates and Development PLC ('Quintain') -
Directors' Interests in Shares

On 5 June 2003 Nicholas Shattock, a director of Quintain, exercised share
options under the Quintain Estates and Development plc 1996 Approved Share
Option Scheme and the Quintain Estates and Development PLC Executive Share
Option (No.2) Scheme over a total of 288,494 ordinary 25p shares in Quintain as
follows:


Number of shares                              Option Price

 26,315  approved                             £1.14    granted in August 1995
173,685  unapproved                           £1.14    granted in August 1995
 88,494  unapproved                           £1.13    granted in July 1996


On exercise 177,817 shares were sold immediately at a price of £2.88 per share,
which were sufficient to cover the costs of exercising all the options and the
shares he is retaining plus his tax liability.  The entire balance has been
reinvested in Quintain stock.

Following this transaction he now holds a total of 193,223 ordinary shares in
Quintain, representing an increase of 110,677 shares.  He retains 522,160
options granted between 1997 and 2002 at prices ranging from £1.36 to £2.71.
The 88,494 options were due to expire in July 2003 whilst the remaining options
exercised today would have expired in 2005.



Name of contacts and telephone number for queries:

Charlotte Eastwood, Company Secretary,
Susan Minocha, Assistant Company Secretary
Telephone [phone]


Date of Notification: 5 June 2003



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