Holding in Company

Quintain Estates & Development PLC
26 January 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES & 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 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.

     PLEASE SEE SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.

     229,500

6)   (0.18%) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction

     -

11)  Date company informed

     25.01.2001

12)  Total holding following this notification

     15,679,003
               
              
13)  Total percentage holding of issued class following this notification

     12.20%

14)  Any additional information

     NOTIFICATION FOLLOWING CHANGE IN ISSUED SHARE CAPITAL

15)  Name of contact and telephone number for queries

REBECCA WORTHINGTON/SUSAN MINOCHA
020 7495 8968

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

     Date of Notification 26.01.01...........


APPENDIX: CGNU PLC

REGISTERED HOLDERS                    NUMBER OF SHARES HELD

BNY NORWICH UNION NOMINEES LIMITED     5,015,481 (material)
CHASE GA GROUP NOMINEES LIMITED        5,201,355 (material)  
CHASE GA PENSION NOMINEES LIMITED        406,000 (material)
CUIM NOMINEE LIMITED                     980,372 (material)
RBSTB NOMINEES LIMITED                   541,500 (material)
VIDACOS NOMINEES LIMITED               3,534,295

TOTAL PERCENTAGE INTEREST OF CGNU PLC:  12.20%
ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED:  128,557,082