New debt facilities

Quintain Estates & Development PLC
07 March 2008

7 March 2008



          Quintian Estates & Development  PLC ('Quintain'/ 'Company')


              QUINTAIN ANNOUNCES AGREEMENT OF NEW DEBT FACILITIES


Quintain is pleased to announce that it has reached agreement with eight
relationship banks to refinance its current banking debt facilities which will
result in a significant increase to average maturity.

Quintain has refinanced all its banking debt with a series of bi-lateral loans.
The new loan facilities total £620m and have an average tenure of 5.6 years,
with an average margin of 1.15% for the mixture of five and six year facilities.

Earlier this year, Quintain announced that it had raised an additional £300
million of debt since 30 September 2007 with an average maturity of 2 years as
an interim measure pending this refinancing. All of this debt has been repaid
and cancelled as part of this new exercise. Having completed this first tranche
of debt raising Quintain has commenced negotiations with new relationship banks
to create additional facilities under the same terms.


Rebecca Worthington, Quintain's Finance Director, said:

'We firmly believe that it is prudent to have longer maturity debt at this time
of economic volatility. These new competitive facilities enable us to focus on
activities that will generate shareholder value with confidence in the
strengthened surety and structure of our capital base.  As with our previous
facilities, these new facilities have the potential to be used across the
portfolio.

'We are very pleased about the tremendous ongoing support for Quintain's
strategy shown by our loyal group of relationship banks.'

At 31 December 2007 Quintain's net debt was £485m, with gearing standing at 45%
compared with a gearing covenant of 110%.



                                     -ENDS-



For further information please contact:

Quintain Estates and Development plc
Rebecca Worthington
Tel: [phone]

Financial Dynamics
Stephanie Highett / Dido Laurimore / Laurence Jones
Tel: [phone]





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