Director/PDMR Shareholding

Merchants Trust PLC
20 February 2007





NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS


This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1) An issuer making a notification in respect of a transaction relating to the
shares or debentures of the

issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating the
shares of the issuer should

complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/
person discharging

managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer

(other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16,
23 and 24.



Please complete all relevant boxes in block capital letters.



1. Name of the issuer



THE MERCHANTS TRUST PLC



2. State whether the notification relates to
(i) a transaction notified in accordance with DR
3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in
accordance with section 324 (as extended by
section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)

 RELATES TO (iii) ABOVE


3. Name of person discharging managerial
responsibilities/director


R A BARFIELD


4. State whether notification relates to a person
connected with a person discharging
managerial responsibilities/director named in 3
and identify the connected person


N/A



5. Indicate whether the notification is in respect
of a holding of the person referred to in 3 or
4 above or in respect of a non-beneficial interest

PERSON NAMED IN 3. ABOVE



6. Description of shares (including class),
debentures or derivatives or financial
instruments relating to shares

ORDINARY SHARES OF 25P EACH


7. Name of registered shareholders(s) and, if
more than one, the number of shares held by
each of them


PUDDLEDOCK NOMINEES


8 State the nature of the transaction


PURCHASE OF SHARES



9. Number of shares, debentures or financial
instruments relating to shares acquired


18



10. Percentage of issued class acquired (treasury
shares of that class should not be taken into
account when calculating percentage)

-


11. Number of shares, debentures or financial
instruments relating to shares disposed


N/A



12. Percentage of issued class disposed (treasury
shares of that class should not be taken into
account when calculating percentage)


N/A



13. Price per share or value of transaction



536.5p



14. Date and place of transaction



19 FEBRUARY 2007, UK



15. Total holding following notification and total
percentage holding following notification
(any treasury shares should not be taken into
account when calculating percentage)


2,361 ORDINARY SHARES, 0.002 %


16. Date issuer informed of transaction


19 FEBRUARY 2007



If a person discharging managerial responsibilities has been granted options by
the issuer  complete the following boxes



17 Date of grant



N/A



18. Period during which or date on which it can be exercised



N/A



19. Total amount paid (if any) for grant of the option



N/A



20. Description of shares or debentures involved (class and number)



N/A



21. Exercise price (if fixed at time of grant) or
indication that price is to be fixed at the time
of exercise



N/A



22. Total number of shares or debentures over
which options held following notification



N/A



23. Any additional information





24. Name of contact and telephone number for
queries



SARAH WOODCOCK 020 7065 1542



Name of duly authorised officer of issuer responsible for making notification



KIRSTEN SALT - COMPANY SECRETARY 020 7065 1513



Date of notification



20 FEBRUARY 2007


                      This information is provided by RNS
            The company news service from the London Stock Exchange