AGM Statement

Quarto Group Inc
15 May 2002


                             THE QUARTO GROUP, INC.

                            Chairman's AGM Statement


At the annual general meeting of The Quarto Group, Inc, the London-based
international co-edition book publisher, in London this afternoon, Laurence F
Orbach, the Chairman, issued an update on trading:

'A few weeks ago, we reported our first quarter results.  I am happy to announce
that the strong improvement noted then has continued and sales for the first
four months of the year are up by approximately 12%.

We have now participated in the important spring cycle of international book
fairs, at which we made significant forward sales, and the book industry seems
generally more confident than it has been for many years.  The co-edition
division is set for a solid year of progress and our US book publishing
businesses have had a strong start to the year.  In our publishing division, art
publishing is well on the way to recovery; losses have been eliminated at the
operating level, and the business continues to generate cash.  In the UK, our
publishing services business is performing very well.'



                                   -- Ends --



Notes for Editors:



On February 15th, 2002, Quarto announced its 2001 results: on unchanged turnover
of £73.6 million, underlying pre-tax profit increased by 9.8% to £4.5 million
whilst underlying EPS was 16.8% higher at 18.8p.

Quarto's International Co-edition Publishing Division primarily creates books
for distribution and publication internationally by other publishers.  It also
includes Regent and ProVision, which are Far East-based print broking and
production supervision services businesses, serving both third parties and the
Group.

Quarto's Publishing Division primarily publishes books, under imprints owned by
the Group, and art images, mainly for their domestic markets and from US
locations.   In addition, it includes two UK-based screen printers primarily
serving the point of sale display market, Western and AP Screen.

Although a Delaware registered corporation, Quarto's Head Office is situated in
Islington, London N7 and its shares are fully listed on the London Stock
Exchange.

.


Enquiries:


The Quarto Group, Inc
  Laurence Orbach (Chairman & Chief Executive)                                  020-7700 9001
  Mick Mousley  (Finance Director)                                              020-7700 9005

Bankside Consultants Limited
  Charles Ponsonby                                                              020-7444 4166





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