Substantial shareholdings

Quarto Group Inc
02 September 2003





                             THE QUARTO GROUP, Inc


          Substantial shareholding - Liontrust again increases holding


Today, Quarto, the London based and listed international book publisher which is
the subject of a tender offer from J O Hambro Capital Management Limited,
received notification that Liontrust Investment Services Limited had increased
its holding of shares of common stock in Quarto by 81,100 (0.43% of the issued
common stock share capital), taking its shareholding to 982,900 shares of common
stock in Quarto (5.26% 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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