Holding(s) in Company

Mercury Grosvenor Trust PLC
04 December 2002

                                  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 and non-beneficial, as indicated

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

Nutraco Nominees Limited
(Designated and undesignated): 2,424,462 Non-beneficial
Mamco Nominees (Jersey) Limited: 184,466 Non-beneficial
Wimco Nominees Limited: 396,840 Non-beneficial
Merrill Lynch Pension Nominees Limited: 19,500 Beneficial
Rowan Nominees Limited: 2,000 Non-beneficial
Bank of New York Nominees Limited: 509,816 Non-beneficial
Other name(s): 484,000 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:

239,500

8) Percentage of issued class:

0.95%

9) Class of security:

Ordinary shares of 25p each

10) Date of transaction:

3 December 2002

11) Date company informed:

4 December 2002

12) Total holding following this notification:

4,021,084

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

15.96%

14) Any additional information:

N/A

15) Name of contact and telephone number for queries:

Miss A J Marsh - 020 7743 5430

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

Miss A J Marsh
For Merrill Lynch Investment Managers Group Services Limited
Secretary

17) Date of notification:

4 December 2002


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