Holding(s) in Company

Quintain Estates & Development PLC 17 July 2007 For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Quintain Estates and Development PLC 2. Reason for the notification (please place an X inside the appropriate bracket/s): An acquisition or disposal of voting rights: ( X ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( ) ................. 3. Full name of person(s) subject to notification obligation: HBOS plc 4. Full name of shareholder(s) (if different from 3) : See section 9 5. Date of transaction (and date on which the threshold is crossed or reached if different): 13 July 2007 6. Date on which issuer notified: 17 July 2007 7. Threshold(s) that is/are crossed or reached: 13% 8. Notified Details: A: Voting rights attached to shares Class/type of shares if possible Situation previous to the triggering transaction use ISIN CODE Number of shares Number of voting rights Ordinary 25p 16,055,389 16,055,389 GB0007184442 Resulting situation after the triggering transaction Class/type of shares if Number of shares Number of voting rights % of voting rights possible use ISIN CODE Direct Indirect Direct Indirect Ordinary 25p 1,685,912 1,685,912 15,839,477 1.301% 12.225% GB0007184442 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration date Exercise/conversion No. of voting rights that % of voting rights financial period/date may be acquired (if the instrument instrument exercised/ converted) N/A Total (A+B) Number of voting rights % of voting rights 17,525,389 13.527% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable : The direct holder of voting rights in the issuer relating to 15,415,027 shares (11.899%) is Gabriella Investments Limited (GIL). GIL is a wholly-owned subsidiary of Rock Investment Holdings Plc (Rock) (who is a holder of voting rights in the issuer under DTR 5.2.1R(e)). Quill Securities Limited (QSL) has entered into an agreement to acquire GIL from Rock and that agreement with Rock obliges them to adopt, by concerted exercise of the voting rights they hold, a lasting common policy towards the management of the issuer. QSL is therefore an indirect holder of voting rights in the issuer pursuant to DTR 5.2.1R(a). Following the acquisition of 1,470,000 shares on 13th July 2007, QSL is also now the direct holder of 1,470,000 voting rights in the issuer. QSL is a controlled undertaking of Uberior Ventures Limited (UVL). UVL is a controlled undertaking of Uberior Investments Plc (UIP). UIP is a controlled undertaking of The Governor and Company of the Bank of Scotland (BOS). BOS is a controlled undertaking of HBOS plc. HBOS plc, through other subsidiary companies, has a direct interest in the voting rights of a further 215,912 shares (0.167%) and an indirect interest of 424,450 shares (0.328%), giving HBOS plc and its subsidiaries a direct and indirect interest in a total of 17,525,389 shares/voting rights (13.527%). Proxy Voting: 10. Name of proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: Notification using the total voting rights figure of 129,558,710 14. Contact name: Sue Dixon - Company Secretary 15. Contact telephone number: 020 7478 9418 For notes on how to complete form TR-1 please see the FSA website. This information is provided by RNS The company news service from the London Stock Exchange

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