Holding(s) in Company

Quintain Estates & Development PLC
30 April 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


QUINTAIN ESTATES AND DEVELOPMENT PLC



2. Name of shareholder having a major interest


Morgan Stanley Securities 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


The holding is in respect of the shareholder named in (2) above together with
transferees of 3,943,019 shares of this shareholder on terms which give it the
right to require the return of an equivalent number of shares pursuant to s.208
(5) of the Companies Act 1985


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


Morgan Stanley Securities Limited



5. Number of shares / amount of stock acquired


Not notified



6. Percentage of issued class


Not notified



7. Number of shares / amount of stock disposed


None



8. Percentage of issued class


N/a



9. Class of security


Ordinary shares



10. Date of transaction


27 April 2004



11. Date company informed


30 April 2004



12. Total holding following this notification


3,968,919 ordinary shares



13. Total percentage holding of issued class following this notification


3.07%



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


30.04.04



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