Dividend Payment Date

QUINTAIN ESTATES & DEVELOPMENT PLC
21 July 1999

Quintain Estates & Development PLC (the 'Company')

Further to the announcements of 24th May, 1999 and 28th  June,
1999  concerning  the final dividend for the year  ended  31st
March,  1999 of 3p net per ordinary share of 25p, the  Company
announces that the payment date for that dividend will be 31st
August, 1999.

Enquiries:

Paul  Hughes, Esq.,   Quintain Estates & Development PLC  0171 495 8968