Purchase of Own Shares

Mercury Grosvenor Trust PLC
16 November 2000



PURCHASE OF OWN ORDINARY SHARES IN THE MARKET
         

1. Date of the purchase:                       15 November 2000


2. Number of Ordinary Shares purchased:        746,415
   

3. Highest and lowest price paid per share:    342.5p                         
                                                                   
                                                              
4. The issued share capital of the Company following this buy-back will be:

   Ordinary shares:    25,186,755
  
5. Name of contact for queries:  Miss K Rucht
                                 020 7743 5466

6. Name of authorised Company official responsible for this      
   notification: Miss K Rucht
                 for Merrill Lynch Investment Managers 
                 Group Services Ltd
                 Secretary

7. Date of Notification:         15 November 2000