Holding(s) in Company

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

YES

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 thenotification obligation:

HARWOOD CAPITAL LLP as investment manager/adviser

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

(i) ORYX INTERNATIONAL GROWTH FUND LIMITED

(ii) NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC

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

16 NOVEMBER 2012

6. Date on which issuer notified:

19 NOVEMBER 2012

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

29%

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

1,935,000

3,922,568

3,980,025

3,980,025

1,987,568

19.47

9.72

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period

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

% of votingrights

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,967,593

29.19

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:

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

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

13. Additional information:

Following the transaction, Oryx International Growth Fund Limited, for which Harwood Capital LLP acts as investment adviser, is interested in 3,000,0000 shares and North Atlantic Smaller Companies Investment Trust Plc, for which Harwood Capital LLP acts as Joint Manager, is interested in 980,000 shares. The remaining 25 shares are held by Harwood Capital LLP on behalf of a private client.

14. Contact name:

Bonita Guntrip

15. Contact telephone number:

020 7747 5681