EGM Statement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

23 July 2012

Quintain Estates and Development plc ("Quintain")

New joint venture with Hong Kong investor to develop Greenwich Peninsula

Result of General Meeting

Further to the announcements on 18 June 2012 and 4 July 2012, Quintain announces that, at the general meeting held today, the resolution to approve the new joint venture relating to Greenwich Peninsula Regeneration Limited with Knight Dragon Limited, an investment vehicle ultimately owned by Dr. Henry Cheng Kar-Shun, was passed by shareholders. Completion of the transaction is scheduled to take place on Friday 27 July 2012.

The results of the vote (conducted by way of a poll) are shown below.

ENQUIRIES:

Quintain Estates and Development plc

Maxwell James, Chief Executive Tel: +44 (0) 20 7495 8968

Rebecca Worthington, Deputy Chief Executive

HSBC Bank Plc, Sole Financial Adviser to Quintain and Sole Sponsor

Richard Choi Tel: +44 (0) 20 7991 8888

Oliver Smith

RLM Finsbury

James Bradley Tel: +44 (0) 20 7251 3801

Jenny Davey 

Barclays Bank PLC, Joint Corporate Broker to Quintain

Tom Boardman Tel: +44 (0) 20 7623 2323

J.P. Morgan Cazenove, Joint Corporate Broker to Quintain

Robert Fowlds Tel: +44 (0) 20 7742 4000

Bronson Albery

Important Notices

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with the Listing Rules and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.

HSBC Bank Plc, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as sole financial adviser and sole sponsor for Quintain and no-one else in connection with the Transaction and the contents of this announcement and will not be responsible to anyone other than Quintain for providing the protections afforded to clients of HSBC Bank Plc, or for providing advice in relation to any of the Transaction, the contents of this announcement or any matters referred to herein.

Barclays Bank PLC, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as joint corporate broker to Quintain and no-one else in connection with the Transaction and the contents of this announcement and will not be responsible to anyone other than Quintain for providing the protections afforded to clients of Barclays Bank PLC, or for providing advice in relation to any of the Transaction, the contents of this announcement or any matters referred to herein.

J.P. Morgan Cazenove, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as joint corporate broker to Quintain and no-one else in connection with the Transaction and the contents of this announcement and will not be responsible to anyone other than Quintain for providing the protections afforded to clients of J.P. Morgan Cazenove, or for providing advice in relation to any of the Transaction, the contents of this announcement or any matters referred to herein.