Holding in Company

Quintain Estates & Development PLC
16 January 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

THE EQUITABLE LIFE ASSURANCE SOCIETY

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF THE SHAREHOLDER NAMED IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

-

5)   Number of shares/amount of stock acquired.

-

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

1,500,000

8)   ( 1.17%) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

15.01.2001

11)  Date company informed

16.01.2001

12)  Total holding following this notification

3,000,000
               
              
13)  Total percentage holding of issued class following this notification

2.33%

14)  Any additional information

-

15)  Name of contact and telephone number for queries

020 7495 8968

16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification ... 16.01.2001 .................