Holding(s) in Company

Quintain Estates & Development PLC
21 February 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     LEGAL & GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED

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 IS IN RESPECT OF THE SHAREHOLDER MENTIONED 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 SCHEDULE IN LETTER BELOW

5)   Number of shares/amount of stock acquired.

      ---

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     1,376,107

8)   ( 1.07 %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction

     20.02.2002

11)  Date company informed

     21.02.2002

12)  Total holding following this notification

     3,763,018 SHARES
               
13)  Total percentage holding of issued class following this notification

     2.937%

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      21.02.2002



LETTER TO: QUINTAIN ESTATES DEVELOPMENT PLC


Companies Act 1985 - Disclosure of Interest in shares

Consequent upon a sale in the market of 100,000 shares on the 20 February 2002, 
we now hold the following number of shares which are not subject to a concert 
party and will be registered as follows:

Material Interest

HSBC Global Custody Nominee (UK) Ltd A/c 775245         579,030 
HSBC Global Custody Nominee (UK) Ltd A/c 754612          65,733 
HSBC Global Custody Nominee (UK) Ltd A/c 360509          75,000 
HSBC Global Custody Nominee (UK) Ltd A/c 357206       2,752,687 
HSBC Global Custody Nominee (UK) Ltd A/c 747381         185,568 
HSBC Global Custody Nominee (UK) Ltd A/c 866203         105,000
                                                       
                                                      3,763,018      2.95%

Please note that this percentage is based on our understanding that your issued 
share capital is 128,117,082.


LETTER FROM: LEGAL & GENERAL INVESTMENT MANAGEMENT
 

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