Holding(s) in Company

Quarto Group Inc
14 February 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE QUARTO GROUP, INC.

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     UBS GLOBAL ASSET MANAGEMENT LIFE LIMITED

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.

      PHILDREW NOMINEES LIMITED MPS ACCT

5)   Number of shares/amount of stock acquired.

      N/A 

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

      212,334

8)   (1.14%) of issued Class

9)   Class of security

     SHARES OF COMMON STOCK OF US$0.10

10)  Date of transaction

      4 NOVEMBER 2002 TO 8 NOVEMBER 2002

11)  Date company informed

      14 FEBRUARY 2003

12)  Total holding following this notification

      405,484
               
13)  Total percentage holding of issued class following this notification

      2.17%

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 ...14 FEB 2003......



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