Directors' Dealings

Mercury Grosvenor Trust PLC
21 March 2000

Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Mercury Grosvenor Trust plc

2   Name of director:
Mr A D V Crook

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
Mrs J C Crook - spouse

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Mrs J C Crook

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
Mrs J C Crook - spouse

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Transfer of 4,500 ordinary shares from the name of Mr A D V Crook into the
name of Mrs J C Crook

7   Number of shares/amount of stock acquired:
N/A

8   Percentage of issued class:
N/A

9   Number of shares/amount of stock disposed:
N/A

10  Percentage of issued class:
N/A

11  Class of security:
Ordinary shares of 25p each

12  Price per share:
N/A

13  Date of transaction:
21st March 2000

14  Date company informed:
21st March 2000

15  Total holding following this notification:
7,848 - beneficial  200,000 non-beneficial

16  Total percentage holding of issued class following this notification:
0.80%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:


18  Period during which or date on which exercisable:


19  Total amount paid (if any) for grant of the option:


20  Description of shares or debentures involved: class, number:


21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:


22  Total number of shares or debentures over which options held following
this notification:


23  Contact name for queries:
Miss T A Bennett

24  Contact telephone number:
0171 220 5307

25  Name of company official responsible for making notification:
Miss T A Bennett
for Mercury Asset Management Group Services Ltd
Secretary

21st March 2000