Director Shareholding

Quintain Estates & Development PLC
16 June 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


QUINTAIN ESTATES AND DEVELOPMENT PLC



2. Name of director


NICHOLAS SHATTOCK



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


Notification is in relation to the shareholder named in (2) above



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)






5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)






6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary






7. Number of shares / amount of stock acquired






8. Percentage of issued class






9. Number of shares/amount of stock disposed






10. Percentage of issued class






11. Class of security






12. Price per share






13. Date of transaction






14. Date company informed






15. Total holding following this notification






16. Total percentage holding of issued class following this notification






If a director has been granted options by the company please complete the
following boxes.



17. Date of grant


13 June 2003



18. Period during which or date on which exercisable


13 June 2006 - 12 June 2013



19. Total amount paid (if any) for grant of the option


-



20. Description of shares or debentures involved: class, number


101,045 Ordinary Shares



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


287 pence per share



22. Total number of shares or debentures over which options held following this
notification


None



23. Any additional information


10,452 options granted under the Quintain Estates and Development plc 1996 
Approved Executive Share Option Scheme

90,593 options granted over Quintain Estates and Development plc shares under 
the Quintain Services Limited 2003 Unapproved Share Option Plan



24. Name of contact and telephone number for queries


Susan Minocha 020 7495 8968



25. Name and signature of authorised company official responsible for making
this notification


Susan Minocha, Assistant Company Secretary



Date of Notification


16 June 2003



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