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 The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any materdial contained in it, or from any action or decision taken as a result of using this document or any such material. This information is provided by RNS The company news service from the London Stock Exchange D RDSGGGMVRVRGFZM

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