Holding(s) in Company

Quarto Group Inc
24 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

     ENNISMORE FUND MANAGEMENT LTD

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 REPSECT 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.

     ENNSIMORE SMALLER COMPANIES PLC: 315,625 SHARES HELD
     (CUSTODIAN IS STATE STREET, IRELAND)

     ENNISMORE EUROPEAN SMALLER CONPANIES MASTER HEDGE FUND: 309,375
     SHARES HELD (CUSTODIAN IS GOLDMAN SACHS INTL., LONDON)

5)   Number of shares/amount of stock acquired.

     625,000

6)   Percentage of issued Class

     3.35%

7)   Number of shares/amount of stock disposed

     N/A

8)   Percentage of issued Class

     N/A

9)   Class of security

     SHARES OF COMMON STOCK OF US$0.10 EACH

10)  Date of transaction

     N/A

11)  Date company informed

     24 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  TOBY CURTHOYS

     Date of Notification 24/08/2004





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