Holding in Company

Mercury Grosvenor Trust PLC
16 November 2000

Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Mercury Grosvenor Trust plc

2   Name of shareholder having a major interest:
Prudential plc 

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:
Non-beneficial

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
N/A

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:
1,508,865

8   Percentage of issued class:
5.82%

9   Class of security:
Ordinary 25p shares

10  Date of transaction:
16 November 2000

11  Date company informed:
16 November 2000

12  Total holding following this notification:
Nil

13  Total percentage holding of issued class following this notification:
Nil

14  Contact name for queries:
Miss A J Marsh
15 Contact telephone number:
020 7743 5430

16  Name of company official responsible for making notification:
Miss A J Marsh
for Merrill Lynch Investment Managers Group Services Ltd
Secretary

17  Date of notification:
16 November 2000