Holding in Company

Mercury Grosvenor Trust PLC
6 February 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:
Merchant Investors Assurance Company Limited

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

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Merchant Investors Assurance Company Limited

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:
300,000

8   Percentage of issued class:
1.19%

9   Class of security:
Ordinary 25p shares

10  Date of transaction:
15 November 2000

11  Date company informed:
6 February 2001

12  Total holding following this notification:
850,000

13  Total percentage holding of issued class following this notification:
3.37%

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:
6 February 2001