Treasury Stock

Quarto Group Inc
12 March 2004


                     The Quarto Group, Inc ('The Company')

The Board of The Quarto Group, Inc ('The Company') announces that following an
exercise of options on 11th March 2004 the number of shares held in Treasury has
reduced by 1,000 shares of Common Stock US$0.10.


12th March 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange