Substantial shareholding

Quarto Group Inc
30 October 2003


                             THE QUARTO GROUP, Inc

          Substantial shareholding - Liontrust again increases holding


Yesterday, Quarto, the London based and listed international book publisher,
received notification that Liontrust Investment Services Limited had increased
its holding of shares of common stock in Quarto by 144,000 (0.77% of the issued
common stock share capital), taking its shareholding to 1,126,900 shares of
common stock in Quarto (6.03% of the issued common stock share capital).

Enquiries:
The Quarto Group, Inc.                                           020-7700 9000
Laurence Orbach (Chairman & CEO)
Mick Mousley (Finance Director)

Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166


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