Holding(s) in Company

Quarto Group Inc
16 December 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE QUARTO GROUP, INC.

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     GOLDMAN SACHS SECURITIES (NOMINEES), LIMITED ACCOUNT ILSEG

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

     HELD AS A SECURITY INTEREST OR AS BARE TRUSTEE ON A NON-DISCRETIONARY BASIS

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

     JO HAMBRO CAPITAL

5)   Number of shares/amount of stock acquired.

     575,000

6)   (3.08%) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   (N/A%) of issued Class

9)   Class of security

     SHARES OF COMMON STOCK OF US$0.10 EACH

10)  Date of transaction

     (SEE BELOW)

11)  Date company informed

     13-DEC-02

12)  Total holding following this notification

     3,818,843
               
13)  Total percentage holding of issued class following this notification

     20.45%

14)  Any additional information

     SETTLEMENT DIFFICULTIES HAVE DELAYED THE TRANSFER OF 485,000 SHARES

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 16-12-2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange