Holding(s) in Company

Quintain Estates & Development PLC
8 March 2002


                  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 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.

      MORLEY FUND MANAGEMENT LIMITED (SUBSIDIARY OF CGNU PLC)

5)   Number of shares/amount of stock acquired.

      -

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

       550,000

8)   (0.428%) of issued Class

9)   Class of security

      ORDINARY SHARES

10)  Date of transaction

      05.03.2002

11)  Date company informed

      08.03.2002

12)  Total holding following this notification

      4,997,714
               
13)  Total percentage holding of issued class following this notification

      3.89%

14)  Any additional information

      PLEASE SEE LETTER BELOW FOR MORE 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 .....08 MARCH 2002




Letter to:  Quintain Estates & Development plc
Dated 6 March 2002


QUINTAIN ESTATES & DEVELOPMENT PLC (THE 'COMPANY') - SEDOL 0718444

This notification supersedes our previous notification to you dated 18 February 
2002 and is prompted by sales totalling 550,000 on 5 March 2002.

This notification relates to issued ordinary shares of GBP0.25 each in the 
capital of the Company (the 'shares') and is given in fulfilment of the 
obligations imposed by sections 198 to 202 of the Companies Act 1985 (the 
'Act').

1.    Notification on behalf of Morley Fund Management Limited (a subsidiary of
      CGNU plc).

1.1   We hereby notify you on behalf of Morley Fund Management Limited that 
immediately after the time when the obligation to make this notification arose 
Morley Fund Management Limited were interested in 4,997,714 shares.

1.2   The identity of the registered holders of the shares to which this 
notification relates and the number of shares held by each of them are set out 
in the Appendix below: Morley Fund Management Limited.

2.    Notification on behalf of CGNU plc.

2.1   We hereby notify you on behalf of CGNU plc that immediately after the time 
when the obligation to make this notification arose CGNU plc were interested in 
4,997,714 shares giving the CGNU group a total percentage interest in the shares 
of 3.90%.

2.2   The identity of the registered holders of the shares to which this 
notification relates and the number of shares held by each of them are set out 
in the Appendix below: CGNU plc.

We are only required to notify interests which are defined as material interests 
when the holding is equal to 3% or more of the Company's relevant share capital. 
The term material interests exclude certain categories where we do not hold a 
beneficial interest, for example where the shares are held in an Authorised Unit
Trust Scheme or Open Ended Investment Company.  Holdings in those categories 
are therefore not included in the holding notified under this letter. 

Letter for and on behalf of CGNU plc



APPENDIX: MORLEY FUND MANAGEMENT LIMITED

REGISTERED HOLDERS                                NUMBER OF SHARES HELD

BNY Norwich Union Nominees Ltd                1,191,691        (Material) 

Chase GA Group Nominees Ltd                   2,446,216        (Material) 

CUIM Nominee Ltd                              1,359,807        (Material)


TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED:    3.90% 
ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 128,117,082


 
APPENDIX: CGNU PLC 

REGISTERED HOLDERS                             NUMBER OF SHARES HELD

BNY Norwich Union Nominees Ltd                1,191,691       (Material)

Chase GA Group Nominees Ltd                   2,446,216       (Material)

CUIM Nominee Ltd                              1,359,807       (Material)
 

TOTAL PERCENTAGE INTEREST OF CGNU PLC: 3.90% 

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 128,117,082


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