Holding(s) in Company

Quintain Estates & Development PLC
25 November 2002
      

            DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     FIDELITY INTERNATIONAL 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.

     CHASE MANHATTAN BANK LONDON      3,435,944
     CHASE NOMINEES LIMITED             185,000
     CHASE MANHATTAN BANK, LONDON       204,500
     NORTHERN TRUST                      71,000
     DEUTSCHE BANK                      150,000

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

     25.11.2002

12)  Total holding following this notification

     4,046,444 ORDINARY SHARES
               
13)  Total percentage holding of issued class following this notification
     
     3.189%

14)  Any additional information

     PLEASE SEE ADDITIONAL INFORMATION IN LETTER BELOW

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 ...25/11/2002.......


NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- UK COMPANIES ACT

1. Company in which shares are held:         QUINTAIN ESTATES & DEV CO PLC

2. Notifiable Interest:                      ORDINARY SHARES

           Fidelity International Limited (FIL)
           P.O. BOX HM 670
           Hamilton HMCX, Bermuda

           Parent holding company for various direct and indirect subsidiaries,
           including Fidelity Investment Services Ltd (FISL), and Fidelity 
           Pension Management (FPM),  investment managers for various non-US 
           investment companies and institutional clients. (See Schedule A for 
           listing of Registered Shareholders and their holdings).

3.     The notifiable interests also comprise the notifiable interest of

           Mr Edward C Johnson 3d
           82 Devonshire Street
           Boston, MA 02109

           A principal shareholder of Fidelity International Limited.

4.     The notifiable interests include interest held on behalf of authorized
       unit trust schemes in the U.K. notwithstanding the exemption from 
       reporting pursuant to Section 209 (1) (h) of the Companies Act 1985.

5.     These notifications of disclosable interests constitute separate
       notifications of interest in the shares and are combined solely for 
       the purposes of clarity. Nothing herein should be taken to indicate 
       that FMR Corp. and its direct and indirect subsidiaries, 
       Fidelity International Limited and its direct and indirect subsidiaries
       or Mr Edward C Johnson 3d act as a group or in concert in respect of 
       the disclosed interests, or that they are required to submit these 
       notifications on a joint basis.

6.     The disclosable interests arise under section 208(4) (b) of the Act,
       namely where a person, not being the registered holder, is entitled
       to exercise a right conferred by the holding of the shares or to 
       control the exercise of such rights, or under section 203 of the Act
       respectively.

SCHEDULE A

SECURITY: QUINTAIN ESTATES & DEV CO PLC

                      SHARES HELD   MANAGEMENT   NOMINEE/REGISTERED
                                     COMPANY     NAME

(Ordinary Shares) 
                        3,435,944     FISL       Chase Manhattan Bank London
                          185,000     FPM        Chase Nominees Ltd
                          204,500     FIL        Chase Manhattan Bank London   
                           71,000     FIL        Northern Trust
                          150,000     FIL        Deutsche Bank
                         
TOTAL ORDINARY SHARES:  4,046,444

CURRENT OWNERSHIP PERCENTAGE: 3.18%

SHARES IN ISSUE:      127,253,000



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