Director Shareholding

Quintain Estates & Development PLC
26 September 2003

QUINTAIN ESTATES AND DEVELOPMENT PLC ('Quintain'/ 'Company')

As set out in the Company's Annual Report 2003 and following adoption of the
Executive Directors' Performance Share Plan ('the Plan') by shareholders a its
annual general meeting on 3 September 2003, Quintain announces the award today
under the terms of the Plan of 500,000 ordinary 25p shares each to Nicholas
Shattock and Adrian Wyatt.

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