Transaction in Own Shares

Quintain Estates & Development PLC
31 July 2006


Quintain Estates and Development PLC ('QED')

Transaction in Ordinary Shares and Interests of Directors


QED announces that the Trustees of the Quintain Estates and Development PLC
Deferred Bonus Plan ('the Bonus Plan') being Adrian Wyatt, Nigel Ellis and
Nicholas Shattock (all directors of QED) have acquired 232,360 ordinary shares
of 25p each in the share capital of the Company. The shares were transferred
out of treasury to satisfy commitments made under the Bonus Plan to Directors,
PDMRs and other employees (as announced on 23 June 2006) and will be released to
beneficiaries on the third anniversary of the date of award.

The trustees now hold 356,645 ordinary shares against awards made in June 2005
and June 2006.

QED retains 267,640 shares in treasury and its current issued share capital is
129,254,916 ordinary shares.



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