QRT.L Regulatory News (QRT)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

THE QUARTO GROUP INC

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

An acquisition or disposal of voting rights

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):

Appointment as proxy for  Special Meeting

X

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

JOHN CHRISTOPHER TURNBULL

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

ROBERT MORLEY, FOREST NOMINEES LIMITED and STRAND NOMINEES LIMITED A/C SN

5. Date of the transaction and date onwhich the threshold is crossed orreached:

6 NOVEMBER 2012

6. Date on which issuer notified:

6 NOVEMBER 2012

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

6% (previously below 3%)

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

US74772E1001

NIL

NIL

NIL

NIL

1,398,428

NIL

6.84

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

N/A

N/A

N/A

N/A

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

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,398,428

6.84

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

Proxy Voting:

10. Name of the proxy holder:

JOHN CHRISTOPHER TURNBULL

11. Number of voting rights proxy holder will ceaseto hold:

1,398,428

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

Immediately upon conclusion of The Quarto Group Inc's Special Meeting on 7 November 2012 (or any adjournment thereof)

13. Additional information:

This notification relates to voting rights pursuant to proxies received for the purposes of The Quarto Group Inc's Special Meeting due to be held on 7 November 2012. The voting rights lapse immediately upon the conclusion of the Special Meeting (or any adjournment) when the voting rights return to the following shareholders:

Robert Morley (1,022,228): Forest Nominees Limited (277,772) and Strand Nominees Limited A/C SN(98,428):

14. Contact name:

John Turnbull

15. Contact telephone number:

020 7783 3552