Holding(s) in Company

Quarto Group Inc
18 July 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 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

NON-BENEFICIAL INTEREST


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 LF20 ACCT. ARCADIA GROUP PENSION TRUST LT. THE ARCADIA
GROUP SENIOR EXECU PENSION. MERSEYSIDE PERFORMANCE SMALLER COMPANIES FUND


5)   Number of shares/amount of stock acquired.

N/A


6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

405,484


8)   (2.17%) of issued Class

9)   Class of security

SHARES OF COMMON STOCK OF US$0.10 EACH


10)  Date of transaction

5-11 JULY 2003


11)  Date company informed

17 JULY 2003


12)  Total holding following this notification

653,092

               
13)  Total percentage holding of issued class following this notification

3.50%


14)  Any additional information

SHARES DISPOSED OF EXCLUSIVELY WERE FROM PHILDREW NOMINEES LIMITED LF20 ACCT


15)  Name of contact and telephone number for queries

MR T.A. CURTHOYS


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

     Date of Notification ........................18 JULY 2003


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