Purchase of Own Securities

Quarto Group Inc
23 August 2001

Quarto Group Inc. ('the Company')



Preference Share Repurchase

The Company has today purchased 180,000 of its 8.75p (net) Convertible
Cumulative Redeemable Shares of Preferred Stock of $0.10 each. These shares
will be held as treasury stock.





23 August 2001