Holding(s) in Company

Quarto Group Inc
26 August 2004

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     THE QUARTO GROUP, INC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     BUTTERFIELD TRUST (BERMUDA) 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.



5)   Number of shares/amount of stock acquired.

     N/A

6)   Percentage of issued Class

     N/A

7)   Number of shares/amount of stock disposed

     200,000

8)   Percentage of issued Class

     1.07%

9)   Class of security

     SHARES OF COMMON STOCK OF US$0.10 EACH

10)  Date of transaction

     N/A


11)  Date company informed

     25 AUGUST 2004


12)  Total holding following this notification

      625,000
               
13)  Total percentage holding of issued class following this notification

      3.35%

14)  Any additional information



15)  Name of contact and telephone number for queries

     TOBY CURTHOYS [phone]

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

     Date of Notification 26/08/2004





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