Statement re Possible Offer

Quintain Estates & Development PLC
16 July 2007




Quintain Estates & Development PLC ('Quintain')



The board of Quintain notes the announcement made by Quill Securities Limited
('Quill Securities') earlier today that Quill Securities is evaluating its
options in relation to Quintain; these options may include making a proposal to
the board of Quintain concerning an offer for the company; and there can be no
certainty that any such proposal will be made.



The board of Quintain will make a further announcement if and when appropriate.



For the purposes of Rule 2.10 of the City Code on Takeovers and Mergers,
Quintain's current issued share capital consists of 129,558,710 ordinary shares
of 25p each (not including 267,640 ordinary shares held in treasury).  The
International Securities Identification Number for Quintain ordinary shares is
GB0007184442.





Dealing Disclosure Requirements



Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes, 'interested' (directly or indirectly) in 1% or more of
any class of 'relevant securities' of Quintain, all 'dealings' in any 'relevant
securities' of that company (including by means of an option in respect of, or a
derivative referenced to, any such 'relevant securities' must be publicly
disclosed by no later than 3.30pm (London time) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which the offer becomes, or is declared, unconditional as to
acceptances, lapses or is otherwise withdrawn or on which the 'offer period'
otherwise ends. If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire an 'interest' in 'relevant
securities' of Quintain, they will be deemed to be a single person for the
purpose of Rule 8.3.



Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Quintain by Quill Securities or Quintain, or by any of their
respective 'associates', must be disclosed by no later than 12.00 noon (London
time) on the London business day following the date of the relevant transaction.



A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.



'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.



Terms in quotation marks are defined in the Takeover Code, which can also be
found on the Panel's website. If you are in any doubt as to whether or not you
are required to disclose a 'dealing' under Rule 8, you should consult the Panel.


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