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):

North Atlantic Value LLP



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

1.      Oryx International Growth Fund Limited

2.      North Atlantic Value LLP (as investment advisor to Trident North
Atlantic Fund which is listed on the Irish Stock Exchange)

3.      North Atlantic Value LLP (as Investment advisor to Trident Holdings)

4.      North Atlantic Value LLP (as Investment manager/advisor to other fund
management clients).................



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:

Above 19% and other individual thresholds..............



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
Holder 1                          1,020,333                          1,020,333
Holder 2                          1,700,000                          1,700,000
Holder 3                          1,114,491                          1,114,491
Holder 4                            252,744                            252,744

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
Holder 1                     1,020,333                1,020,333                          4.99%
Holder 2                     1,700,000                1,700,000                          8.31%
Holder 3                     1,114,491                1,114,491                          5.45%
Holder 4                       252,744                  252,744                          1.24%

                                                                              Total     19.99%



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


4,087,568                      19.99%



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

N/A



Proxy Voting:

10. Name of the proxy holder:





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:

Notification using the total voting rights figure of 20,444,550

North Atlantic Value LLP is the investment manager/advisor in respect of the
full19.99% holding as it is investment advisor to holder 1, investment advisor
to holders 2 and 3 as well as investment advisor/manager to the other clients
included in holder 4.



14. Contact name:   Mick Mousley



15. Contact telephone number:   020 7700 9004




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