Substantial Shareholding

Quarto Group Inc
06 May 2004


                             THE QUARTO GROUP, Inc

        Substantial shareholding - Liontrust yet again increases holding

Quarto, the London based and listed international book publisher, has received
notification that Liontrust Investment Services Limited has increased its
holding of shares of common stock in Quarto by 246,800 (1.32% of its issued
common stock share capital), taking its shareholding to 1,498,700 shares of
common stock in Quarto (8.02% of its 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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