Review of Strategic Options

Quarto Group Inc
15 October 2003

               THE QUARTO GROUP, INC ('QUARTO' OR THE 'COMPANY')



The Board of Quarto has recently been examining - and continues to examine - a
broad range of strategic options for the company.  During the course of this
review, the Board has been made aware of bona fide third party interest in the
company and intends to broaden the scope of its review to include fully
exploring such third party interest.



In assessing the various options and determining the best course of action, the
Board's guiding principle will be the optimisation of shareholder value.  Lazard
& Co., Limited has been appointed to provide advice in this process.



The Board will make a further announcement when appropriate.  In the meantime,
in order to allow an appropriate period of time for this process, J O Hambro
Capital Management Limited ('JOHCM') has decided to postpone until further
notice the closing date for its tender offer announced on 31 July 2003 (the
'Tender Offer').  In doing so, JOHCM has reserved the right to re-instate a new
closing date for the Tender Offer upon giving not less than two weeks' notice,
subject to any new closing date not being earlier than 18 December 2003, save in
circumstances of a third party making a competing tender offer to gain control
of the Company without making an identical offer to all Quarto shareholders.







Enquiries:  Nicholas Shott

            Lazard & Co., Limited

            020 7187 2338


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