Holding(s) in Company

Quarto Group Inc
01 May 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

The Quarto Group Inc..............



2. Reason for the notification (please place an X inside the appropriate bracket
/s):

An acquisition or disposal of voting rights: (   )

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (    )


An event changing the breakdown of voting rights: (    )


Other (please specify) : ( X   )

As required by New Transparency Directive.................




3. Full name of person(s) subject to the notification obligation (iii):

Herald Investment Management Limited



4. Full name of shareholder(s) (if different from 3.) (iv):

.................



5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):

N/A.................



6. Date on which issuer notified:

20th March 2007..............



7. Threshold(s) that is/are crossed or reached:

8%.................



8. Notified details:

.................



A: Voting rights attached to shares


Class/type of shares if possible           Situation previous to the Triggering transaction (vi)
using the ISIN CODE
                                  Number of shares                   Number of voting Rights (viii)


US74772E1001                      1,737,500 (8.50%)                  1,737,500 (8.50%)

Resulting situation after the triggering transaction (vii)


Class/type of shares if      Number of shares         Number of voting rights (ix)      % of voting rights
possible using the ISIN CODE
                                                      Direct (x)   Indirect (xi)        Direct      Indirect

US74772E1001                                                       1,737,500                         8.50%





B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.






Total (A+B)
Number of voting rights        % of voting rights

1,737,500                      8.50%




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

Herald Investment Management Limited, a discretionary investment manager, is the
parent undertaking of an investment management business.

Herald Investment Trust(in the name of Bank of New York (OCS Nominees Limited)
1,737,500 8.50%




Proxy Voting:

10. Name of the proxy holder:

N/A



11. Number of voting rights proxy holder will cease to hold:

...N/A..............



12. Date on which proxy holder will cease to hold voting rights:

...N/A..............



13. Additional information:

... ..............



14. Contact name:   Mick Mousley



15. Contact telephone number:   020 7700 9004






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