Holding in Company

Quintain Estates & Development PLC
4 April 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     HALIFAX GROUP PLC

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

     NOTIFICATION INDICATES THAT IT IS IN RESPECT OF THE HOLDING OF THE         
     SHAREHOLDER IN (2) ABOVE AND ITS SUBSIDIARIES

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

     SEE BELOW

5)   Number of shares/amount of stock acquired.

     

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction



11)  Date company informed

     04.04.2001

12)  Total holding following this notification

     13,932,185
               
13)  Total percentage holding of issued class following this notification

     10.89%

14)  Any additional information



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


     Date of Notification ....4 APRIL 2001.......



LETTER TO:  QUINTAIN ESTATES & DEVELOPMENT PLC
3 APRIL 2001


Pursuant to Section 198 of the Companies Act 1985.

Pursuant to Section 198 of the Companies Act 1985, Section 198, as amended, on
behalf of Halifax Group plc, we give notice that Halifax Group plc and its
subsidiaries no longer have a Non-material interest in the shares of your
company. Our remaining holdings are as follows:


Sedol     No of Shares   Security class   Fund - Registered Holder

0718444         45,290   Ordinary 25p     PFM-144 Chase Nominees Ltd  A/C       
                                                  CMIG144

0718444        126,165   Ordinary 25p     PFM-160 Chase Nominees Ltd  A/C       
                                                  CMIG160

0718444         12,940   Ordinary 25p     PFM-180 Chase Nominees Ltd  A/C       
                                                  CMIG180

0718444      5,445,000   Ordinary 25p     RE16    Bank of New York Nominees Ltd
                                                  A/C 683005

0718444      2,882,000   Ordinary 25p     RF80    HSBC Global Custody Nominees  
                                                  (UK) Ltd A/C 823617

0718444      1,920,790   Ordinary 25p     RF89    HSBC Global Custody Nominees  
                                                  (UK) Ltd A/C 823629  

0718444      3,500,000   Ordinary 25p     E       The Equitable Life Assurance  
                                                  Society  

Halifax Group plc's Non-Material interest is now 13,932,185 which is 10.84% of
the shares in issue.