Re: Share Plan

Quintain Estates & Development PLC
14 September 2004


14 September 2004


                      Quintain Estates and Development PLC

               GRANT OF RIGHTS UNDER THE 2004 QUINTAIN SHARE PLAN


Quintain Estates and Development PLC ('the Company') announces that, pursuant to
the adoption at its Annual General Meeting on 8 September 2004 of the 2004
Quintain Share Plan ('the Plan'), rights were granted for the first time to
certain directors of the Company, over 111,831 ordinary 25p shares as follows:


Name                                          Number of Rights granted on
                                              13 September 2004 at 25p each

Adrian Wyatt                                  23,714
James Hamilton Stubber                        54,535
Nicholas Shattock                             24,179
Rebecca Worthington                           9,403



Subject to the rules of the Plan and in particular to all performance conditions
being achieved, the above rights are exerciseable between 13 September 2007 and
12 September 2014.  Upon exercise all shares awarded will rank pari passu with
other ordinary shares in the Company.

The Plan replaces the Quintain Services Limited 2003 Unapproved Share Option
Scheme and is open to all Executive Directors and staff of the Company.



Contact:

Quintain Estates and Development PLC
020 7495 8968

Charlotte Eastwood,
Company Secretary

Susan Minocha,
Assistant Company Secretary


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