Quintain Estates & Development plc - General - Interim Results

Date: 04 Dec 2001

In his statement, Chairman Nigel Ellis commented:

"I am pleased to report that we have again had a satisfactory six months, with an increase in earnings per share of 20.4% and of 30.8% in underlying earnings per share on a basis consistent with prior years' reported results. In these circumstances, the Board is delighted to declare an interim dividend of 2.75p per ordinary share, an increase of 10%, which again reflects our confidence in the Company's future.

"We consider that our portfolio displays the resilient characteristics and potential for value enhancement which should ensure that it continues to perform strongly relative to the market. This, combined with our experienced and strengthened management team means that we look forward to the second half of the year with confidence."

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