Holding in Company

Quintain Estates & Development PLC
30 August 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     BRITEL FUND TRUSTEES LIMITED
     THE TRUSTEES OF BT PENSION SCHEME
     (MANAGED BY HERMES ADMINISTRATION SERVICES LTD)

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
     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.

     AS ABOVE: SEE BELOW ALSO

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     2,450,782

8)   (1.92 %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction

     29.08.2001

11)  Date company informed

     30.08.2001

12)  Total holding following this notification

     2,256,876
               
13)  Total percentage holding of issued class following this notification

     1.77%

14)  Any additional information



15)  Name of contact and telephone number for queries

     SUSAN MINOCHA - 020 7495-8968

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

     Date of Notification ..30 AUGUST 2001


As at 29th August 2001 the following entities had a material interest(s) in
shares of:

Quintain Est & Dev.

BriTel Fund Trustees Limited 
The Trustees of BT Pension Scheme

Registered Holders:  BriTel Fund Nominees Ltd    2,335,995
                                                 2,355,995 shares    1.844%

Amount of shares on loan / returned:                99,119 shares    0.078%

Direct Holding:                                  2,256,876 shares    1.766%