Holding in Company

Quintain Estates & Development PLC
22 February 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

QUINTAIN ESTATES & DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ROYAL & SUN ALLIANCE

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 HOLDING 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.

PLEASE SEE SCHEDULE IN LETTER DATED 21 FEBRUARY BELOW

5)   Number of shares/amount of stock acquired.

847,570

6)   (0.66%) of issued Class

7)   Number of shares/amount of stock disposed

-

8)   ( - %) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction



11)  Date company informed

21.02.2001

12)  Total holding following this notification

3,862,526
               
              
13)  Total percentage holding of issued class following this notification

3.00%

14)  Any additional information

NOTIFICATION ALSO FOLLOWS REDUCTION IN QUINTAIN ESTATES & DEVELOPMENT PLC SHARE
CAPITAL TO 128,557,082 SHARES

15)  Name of contact and telephone number for queries

SUSAN MINOCHA
020 7495 8968

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

     Date of Notification ..... 21 FEBRUARY 2001 ....



Letter to:  Quintain Estates & Development plc

Dated 21 February 2001

DISCLOSURE OF SHARE INTEREST - COMPANIES ACT 1989

Following the recent decrease to the number of shares in issue, we are writing
to inform you of our increased notifiable interest in the shares of your
company. The details are set out below.

Registered Name                                                 Holding

Littledown Nominees Limited 'R' A/c for                         208,991
Phoenix Assurance Public Limited Company                        

Littledown Nominees Ltd 'R' A/c for                             643,765
Royal & Sun Alliance Insurance Plc No.1 A/c                     

Littledown Nominees Ltd 'R' A/c for                             209,262
Royal Insurance Group Pension Scheme (UK Equities)              

Littledown Nominees Ltd 'R' A/c for                           1,298,606
Royal & Sun Alliance Life & Pensions Limited

Littledown Nominees Limited 'R' A/c for                       1,133,124
Sun Alliance & London Assurance Company Limited

Littledown Nominees Ltd 'R' A/c for                             338,778
SAL Pension Fund Limited

Royal Heritage Life Assurance Limited                            30,000

TOTAL                                                         3,862,526

Number of shares in issue                                   128,557,082
    
Percentage of issued share capital                                 3.00

Letter from:  R.E. Talbut
              Royal & Sun Alliance Insurance Group plc