Quadrise Regulatory News (QED)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Quintain Estates and Development plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

Lloyds Banking Group plc

4. Full name of shareholder(s) (if different from 3.):

See Section 9.

5. Date of the transaction and date on which the threshold is crossed or reached:

27 August 2009

6. Date on which issuer notified:

28 August 2009

7. Threshold(s) that is/are crossed or reached:

Direct/Indirect decrease to below 12%

(Direct remains above 11%)

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ord 25p Shares

15,670,085

15,670,085

14,450,476

14,450,476

878,873

11.111%

0.676%

GB0007184442

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

15,329,349

11.787%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

The direct holder of voting rights in the issuer relating to 14,243,756 shares (10.952%) is Gabriella Investments Limited (GIL). GIL is a controlled undertaking of Quill Securities Limited (QSL). QSL is therefore an indirect holder of voting rights in the issuer pursuant to DTR 5.2.1R(a). 

QSL is a controlled undertaking of Uberior Ventures Limited (UVL). UVL is a controlled undertaking of Uberior Investments Plc (UIP). UIP is a controlled undertaking of Bank of Scotland plc (BOS). BOS is a controlled undertaking of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc.

HBOS plc, through other subsidiary companies, has a direct interest in the voting rights of a further 206,720 shares (0.158%) and an indirect interest in the voting rights of a further 878,873 shares (0.676%), giving HBOS plc and its subsidiaries a direct and indirect interest in the voting rights of 15,329,349 shares (11.787%).

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Notification using the Total Voting Rights figure of 130,052,034

14. Contact name:

Sue Dixon (Quintain Estates and Development plc)

15. Contact telephone number:

0207 478 9418