New Banking Facility

Quintain Estates & Development PLC
05 October 2007


5 October 2007


         Quintain Estates and Development PLC ('Quintain' / 'Company')

              QUINTAIN AGREES NEW £150M CORPORATE BANKING FACILITY


Quintain announces the successful signing of a new £150 million corporate
banking facility with Bank of Scotland Corporate.

The cash raised will be used both to fund further investment into urban
regeneration projects and to strengthen Quintain's existing financial
flexibility to exploit opportunities arising from current market conditions.

The loan is a revolving facility with a two year maturity.  All other terms and
conditions are in line with the Company's existing corporate loans.


Rebecca Worthington, Quintain's Finance Director, commented:

'Our diverse business model and the potential inherent within our major Special
Projects and Fund Management businesses means that we are strongly positioned to
continue our track record of creating shareholder value.

'Financing has an important role to play and the new facility will provide
additional funding flexibility for our urban regeneration projects such as
Wembley and Greenwich and enable us to seize emerging opportunities.'


For further information, please contact:

Quintain                                            Financial Dynamics
Rebecca Worthington                                 Stephanie Highett/Dido Laurimore
Tel: [phone]                                  Tel: [phone]

Notes to Editors


-   Quintain Estates and Development PLC is a leading property investment and 
    development company, listed on the London Stock Exchange.


Quintain has three areas of focus: Fund Management; Investment Portfolio; and
Special Projects, which consists of the Company's larger and typically complex
assets - such as Wembley - that gain returns from planning and development
opportunities.


-   Quintain's existing corporate facilities have a floating charge, a 0.95% 
    margin and commitment fees of 0.375%.



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