Holding in Company

Quintain Estates & Development PLC
3 August 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CGNU PLC

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

NOTIFICATION INDICATES THAT IT IS IN RESPECT OF HOLDING OF THE SHARE HOLDER
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.

MORLEY FUND MANAGEMENT LIMITED (8,451,764)
NORWICH UNION INVESTMENT MANAGEMENT LIMITED (6,022,739)

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORD

10)  Date of transaction



11)  Date company informed

04/08/2000

12)  Total holding following this notification

14,474,503
               
              
13)  Total percentage holding of issued class following this notification

11.09%

14)  Any additional information

NOTIFICATION OF TOTAL HOLDING FOLLOWING MERGER OF CGU PLC AND NORWICH UNION PLC

15)  Name of contact and telephone number for queries

REBECCA WORTHING/SUSAN MINOCH
0207 495 8968

16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification ....   04/08/2000 ..........