Holding in Company

Mercury Grosvenor Trust PLC
6 December 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:

Exeter Asset Management 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 the registered holder(s) and, if more than one holder, the
number of shares held by each of them:

Exeter Capital Growth Fund          975,000
Exeter Smaller Companies Income     300,000
Exeter Managed Growth Fund          275,000
Exeter Selective Assets I.T.        275,000
Exeter Global Opportunities Fund    100,000

5) Number of shares/amount of stock acquired:

375,000

6) Percentage of issued class:

1.48%

7) Number of shares/amount of stock disposed:

N/A

8) Percentage of issued class:

N/A

9) Class of security:

Ordinary shares of 25p each

10) Date of transaction:

5 December 2001

11) Date company informed:

6 December 2001

12) Total holding following this notification:

1,925,000

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

7.64%

14) Any additional information:

N/A

15) Name of contact and telephone number for queries:

Miss K Rucht - 020 7743 5466

16) Name and signature of authorised company official responsible for
making this notification:

Miss K Rucht
For Merrill Lynch Investment Managers Group Services Limited
Secretary

17) Date of notification:

6 December 2001