Disposal Completed

Quintain Estates & Development PLC 18 April 2000 Quintain sells Theatres Quintain Estates and Development PLC announces the completion of the sale of the seven theatres and associated properties to (inter alia) Ambassador Theatre Group Limited. Conditional put and call options were exchanged on 11th February 2000. The theatres were acquired as part of the acquisition of Chesterfield Properties PLC. The book value at the time of the acquisition was £16.1m. The proceeds of sale are £18m. For further information please contact: Nicholas Shattock Emma Denne Quintain Estates And Development PLC Financial Dynamics 020 7495 8968 020 7831 3113

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