Holding in Company

Quintain Estates & Development PLC
7 September 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     HALIFAX GROUP 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 THE 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.

     SEE ATTACHED SCHEDULE IN LETTER

5)   Number of shares/amount of stock acquired.

     -

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     1425000

8)   ( 1.12 %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction



11)  Date company informed

     7/9/2001

12)  Total holding following this notification

     12,507,185
               
13)  Total percentage holding of issued class following this notification

     9.79%

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

     Susan Minocha
     Assistant Company Secretary


     Date of Notification ....7 September 2001...


Letter dated 6th September 2001
To Quintain Estates

On behalf of the Halifax Group Plc.

Pursuant to Section 198 of the Companies Act 1985, Section 198, as amended, on 
behalf of Halifax Group plc, we give notice that Halifax Group plc and its 
subsidiaries have a non-material interest in the shares of your company as 
follows:
 
Sedol     No of Shares  Security class    Fund - Registered Holder

0718444          0       Ordinary 25p      144  Chase Nominees Ltd A/C CMIG 144
0718444          0       Ordinary 25p      160  Chase Nominees Ltd A/C CMIG 160
0718444          0       Ordinary 25p      180  Chase Nominees Ltd A/C CMIG 180
0718444  1,984,395       Ordinary 25p       E   Equitable Life Assurance Society
0718444  5,445,000       Ordinary 25p     RE16  Bank of New York Nominees Ltd   
                                                A/C 683005
0718444  3,047,000       Ordinary 25p     RF80  HSBC Global Nominees (UK) Ltd   
                                                A/C 823617
0718444  2,030,790      Ordinary 25p      RF89  HSBC Global Nominees (UK) Ltd   
                                                A/C 823629


Halifax Group plc's non-material interest is now 12,507,185 which is 9.78% of 
the shares in issue.

From:  Section Manager, Investment Operations, Clerical Medical