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:

The Royal Bank of Scotland Group plc
National Westminster Bank Plc
And NatWest Pension Trustees Ltd

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

BNY GIL Client A/C Nominees Ltd - 3,030,659
Nutraco Nominees Ltd - 20,000

5) Number of shares/amount of stock acquired:

20,000 acquired by Nutraco Nominees Ltd

6) Percentage of issued class:

0.07%

7) Number of shares/amount of stock disposed:

20,000 disposed of by Bank of New York (Nominees) Ltd

8) Percentage of issued class:

0.07%

9) Class of security:

Ordinary shares of 25p each

10) Date of transaction:

Unknown

11) Date company informed:

6 December 2001

12) Total holding following this notification:

3,050,659

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

12.11%

14) Any additional information:

Change of registered Nominee holder. No change in the overall shareholding

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