Holding in Company

Quintain Estates & Development PLC
29 March 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     QUINTAIN ESTATES AND DEVELOPMENT PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     PHILLIPS & DREW LIMITED

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 HOLDINGS OF THE SHARE -    
     HOLDER 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.

     SEE SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     793,484

8)   (0.62%) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction



11)  Date company informed

     29/3/01

12)  Total holding following this notification

     5,095,169
               
13)  Total percentage holding of issued class following this notification

     3.96%

14)  Any additional information



15)  Name of contact and telephone number for queries

     REBECCA WORTHINGTON - 020 7495 8968

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


     Date of Notification ....29/3/2001..........



                   Total Issued Share Capital       128,557,082

Name                                                                   Quantity

PHILDREW NOMINEES LIMITED                A/C LF09                       414,794

PHILDREW NOMINEES LIMITED                A/C LF20                     4,680,375

                                                                      5,095,169

                                                                          3.96%