Disclosure of Short Position

TR-3:

Disclosure of Disclosable Short Position relating to Securities which are the subject of a rights issue

1. Full name of person(s) holding the disclosable short position:

Susquehanna International Group Limited

2: Name of the issuer of the relevant securities

Quintain Estates and Development plc

3: Disclosable short position

0.27%

4. Date that disclosable short position was reached or exceeded

30 November 2009