Response to tender offer

Quarto Group Inc
31 July 2003


                             THE QUARTO GROUP, Inc

                    Tender offer by Strand Partners Limited


The Board of Quarto, the London based and listed international book publisher,
has noted the tender offer, announced this morning, by Strand Partners Limited,
on behalf of JO Hambro Capital Management Limited (acting on behalf of certain
investment management clients). The tender offer is to purchase (by way of
tender) up to 4,606,022 shares of common stock of $0.10 each in Quarto (24.66%
of its issued common stock share capital) for 132.5p per share in cash and
anticipated to remain open for acceptance until 6 November 2003. At the time of
the announcement, funds managed by JO Hambro Capital Management Limited on a
discretionary basis held in aggregate 4,916,843 shares of common stock (26.34%
of Quarto's issued common stock share capital).

The Board is meeting shortly to consider the terms of the tender offer and
expects to make a further announcement to holders of common stock in relation to
the tender offer by mid-August, when it expects to announce Quarto's Interim
Results for the half year ended 30 June 2003.

In the meantime, the Board recommends holders of Quarto common stock to take no
action.

Enquiries:
The Quarto Group, Inc.
Laurence Orbach (Chairman & CEO)                                 020-7700 9001
Mick Mousley (Finance Director)                                  020-7700 9005

Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166


The directors of The Quarto Group, Inc. accept responsibility for the
information contained in this announcement and, to the best of their knowledge
and belief (having taken all reasonable care to ensure that such is the case),
such information is in accordance with the facts and does not omit anything
likely to affect the import of such information.




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