Holding in Company

Mercury Grosvenor Trust PLC
15 January 2001


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Mercury Grosvenor Trust plc

2   Name of shareholder having a major interest:
Merrill Lynch Investment Managers Limited and other companies in the Merrill
Lynch group, including Merrill Lynch & Co., Inc.

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
Beneficial & non-beneficial, as indicated

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Nutraco Nominees Limited (Designated & Undesignated): 3,549,677 Non-Beneficial
Wimco Nominees Limited:                                 396,840 Beneficial
Mamco Nominees (Jersey) Limited:                        184,466 Beneficial
Stamford Nominees Limited:                              246,000 Non-Beneficial
Mercury Life Nominees Limited:                            8,500 Beneficial
Stamford Nominees Limited A/C Charity:                  358,000 Non-Beneficial
Other name(s):                                          511,816 Non-Beneficial

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

6   Percentage of issued class:
N/A

7   Number of shares/amount of stock disposed:
1,028,706

8   Percentage of issued class:
4.08%

9   Class of security:
Ordinary 25p shares

10  Date of transaction:
20 December 2000

11  Date company informed:
15 January 2001

12  Total holding following this notification:
5,255,299

13  Total percentage holding of issued class following this notification:
20.87%

14  Contact name for queries:
Ms K Rucht

15 Contact telephone number:
020 7220 5466

16  Name of company official responsible for making notification:
Ms K Rucht
for Merrill Lynch Investment Managers Group Services Ltd
Secretary

17  Date of notification:
15 January 2001