Quadrise Regulatory News (QED)

25 September 2012

Quintain Estates & Development plc

("Quintain" / "Company" / "Group")

Directorate Change

Quintain Estates and Development plc announces that Becky Worthington has resigned from the Board with immediate effect to establish a new business.

She will leave the Company on 31 October 2012, having passed her responsibilities to Finance Director, Richard Stearn, and Anthony Gill, Development Director for Greenwich Peninsula, both of whom were appointed over the summer.

Becky Worthington commented:

"With the new management team firmly established at Quintain and a talented Operational Board driving progress at Wembley and Greenwich, the time is now right to realise my long-held ambition of running my own business. Quintain is in a strong position to unlock the value of its major schemes at Greenwich and Wembley and continue to build momentum under the leadership of Maxwell James."

William Rucker, Chairman of Quintain, commented:

"Over the past 14 years Becky has made an outstanding contribution to Quintain, spending eleven years in the role of Finance Director and, more recently, as Deputy Chief Executive.

"Becky has demonstrated significant expertise helping Quintain achieve a stable financial footing in the challenging market conditions of recent years. The Company has benefited immensely from her time here and the whole team wishes her great success in her new venture."

For further information, please contact:

Quintain Estates & Development plc

Cressida Curtis, corporate communication

Tel: +44 (0)7824 622228

RLM Finsbury

Jenny Davey / Ed Lane Fox

Tel: 020 7251 3801