Holding(s) in Company

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date

Exercise/
Conversion
period

Number of voting
rights instrument
refers to

% of voting rights

RNS Number : 8503X

Quintain Estates & Development PLC

21 August 2009

TR-1: NOTIFICATION OF MAJOR INTEREST 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 tick the appropriate box or boxes):
An acquisition or disposal of voting rights		X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject to the notification obligation:	Lloyds Banking Group plc
4. Full name of shareholder(s) (if different from 3.):	See Section 9.
5. Date of the transaction and date on which the threshold is crossed or reached:	20 August 2009
6. Date on which issuer notified:	21 August 2009
7. Threshold(s) that is/are crossed or reached:	Direct/Indirect decrease to below 14%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Ord 25p Shares	18,329,943	18,329,943	17,214,301	17,214,301	878,873	13.236%	0.676%
GB0007184442

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B+C)

Number of voting rights

Percentage of voting rights

18,093,174

13.912%

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 (11.853%) is Gabriella Investments Limited (GIL). GIL is a controlled undertaking of Quill Securities Limited (QSL). QSL is therefore an indirect holder of voting rights in the issuer pursuant to DTR 5.2.1R(a). QSL is also now the direct holder of 1,592,554 (1.225%) 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 Bank of Scotland plc (BOS). BOS is a controlled undertaking of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc.

HBOS plc, through other subsidiary companies, has a direct interest in the voting rights of a further 206,720 shares (0.158%) and an indirect interest in the voting rights of a further 878,873 shares (0.676%), giving HBOS plc and its subsidiaries a direct and indirect interest in the voting rights of 18,093,174 shares (13.912%).

Proxy Voting:

10. Name of the 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 130,052,034

14. Contact name:

Sue Dixon (Quintain Estates and Development plc)

15. Contact telephone number: