Holding(s) in Company

Quintain Estates & Development PLC
5 July 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES & DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CALEDONIA INVESTMENTS 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.

     CALEDONIA LAND & PROPERTY LIMITED

5)   Number of shares/amount of stock acquired.

     -

6)   ( N/A %) 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

     04/07/2002

12)  Total holding following this notification

     9,000,000
               
13)  Total percentage holding of issued class following this notification

     6.99%

14)  Any additional information

     CHANGE IN PERCENTAGE SHAREHOLDING DUE TO CHANGE IN NUMBER OF ISSUED
     ORDINARY SHARES

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 .......05/07/2002



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