Holding(s) in Company

Quintain Estates & Development PLC 8 March 2002 DEALINGS BY SUBSTANTIAL SHAREHOLDERS 1) NAME OF COMPANY QUINTAIN ESTATES AND DEVELOPMENT PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST CGNU 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 IS IN RESPECT OF THE SHAREHOLDER MENTIONED 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. MORLEY FUND MANAGEMENT LIMITED (SUBSIDIARY OF CGNU PLC) 5) Number of shares/amount of stock acquired. - 6) ( N/A %) of issued Class 7) Number of shares/amount of stock disposed 550,000 8) (0.428%) of issued Class 9) Class of security ORDINARY SHARES 10) Date of transaction 05.03.2002 11) Date company informed 08.03.2002 12) Total holding following this notification 4,997,714 13) Total percentage holding of issued class following this notification 3.89% 14) Any additional information PLEASE SEE LETTER BELOW FOR MORE 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 .....08 MARCH 2002 Letter to: Quintain Estates & Development plc Dated 6 March 2002 QUINTAIN ESTATES & DEVELOPMENT PLC (THE 'COMPANY') - SEDOL 0718444 This notification supersedes our previous notification to you dated 18 February 2002 and is prompted by sales totalling 550,000 on 5 March 2002. This notification relates to issued ordinary shares of GBP0.25 each in the capital of the Company (the 'shares') and is given in fulfilment of the obligations imposed by sections 198 to 202 of the Companies Act 1985 (the 'Act'). 1. Notification on behalf of Morley Fund Management Limited (a subsidiary of CGNU plc). 1.1 We hereby notify you on behalf of Morley Fund Management Limited that immediately after the time when the obligation to make this notification arose Morley Fund Management Limited were interested in 4,997,714 shares. 1.2 The identity of the registered holders of the shares to which this notification relates and the number of shares held by each of them are set out in the Appendix below: Morley Fund Management Limited. 2. Notification on behalf of CGNU plc. 2.1 We hereby notify you on behalf of CGNU plc that immediately after the time when the obligation to make this notification arose CGNU plc were interested in 4,997,714 shares giving the CGNU group a total percentage interest in the shares of 3.90%. 2.2 The identity of the registered holders of the shares to which this notification relates and the number of shares held by each of them are set out in the Appendix below: CGNU plc. We are only required to notify interests which are defined as material interests when the holding is equal to 3% or more of the Company's relevant share capital. The term material interests exclude certain categories where we do not hold a beneficial interest, for example where the shares are held in an Authorised Unit Trust Scheme or Open Ended Investment Company. Holdings in those categories are therefore not included in the holding notified under this letter. Letter for and on behalf of CGNU plc APPENDIX: MORLEY FUND MANAGEMENT LIMITED REGISTERED HOLDERS NUMBER OF SHARES HELD BNY Norwich Union Nominees Ltd 1,191,691 (Material) Chase GA Group Nominees Ltd 2,446,216 (Material) CUIM Nominee Ltd 1,359,807 (Material) TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED: 3.90% ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 128,117,082 APPENDIX: CGNU PLC REGISTERED HOLDERS NUMBER OF SHARES HELD BNY Norwich Union Nominees Ltd 1,191,691 (Material) Chase GA Group Nominees Ltd 2,446,216 (Material) CUIM Nominee Ltd 1,359,807 (Material) TOTAL PERCENTAGE INTEREST OF CGNU PLC: 3.90% ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 128,117,082 This information is provided by RNS The company news service from the London Stock Exchange

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