Holding(s) in Company

Quarto Group Inc
25 July 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE QUARTO GROUP INC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     INVESCO ENGLISH AND INTERNATIONAL TRUST 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

     IN RESPECT OF 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     CHASE NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.

     25,000

6)   ( 0.13%) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     SHARES OF COMMON STOCK OF US$0.10 EACH

10)  Date of transaction

     4 JULY 2002

11)  Date company informed

     5 JULY 2002

12)  Total holding following this notification

     750,000
               
13)  Total percentage holding of issued class following this notification

     4.02%

14)  Any additional information



15)  Name of contact and telephone number for queries

      MR T.A. CURTHOYS
      TEL:  [phone]

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

     Date of Notification 25 JULY 2002





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