Directors' Notification of Dealing in Shares

Merchants Trust PLC
30 March 2000


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
The Merchants Trust PLC

2   Name of director:
R A Barfield

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
As in (2) above

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Henderson Nominees A/C PEP

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
As in (2) above

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Purchase of ordinary shares

7   Number of shares/amount of stock acquired:
1,443

8   Percentage of issued class:
0.001%

9   Number of shares/amount of stock disposed:
-

10  Percentage of issued class:
-

11  Class of security:
Ordinary Shares of 25p each

12  Price per share:
343p

13  Date of transaction:
24th March 2000

14  Date company informed:
30th March 2000

15  Total holding following this notification:
1,843

16  Total percentage holding of issued class following this notification:
0.001%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
-

18  Period during which or date on which exercisable:
-

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

20  Description of shares or debentures involved: class, number:
-

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

22  Total number of shares or debentures over which options held following
this notification:
-

23  Contact name for queries:
Nicola Schrager von Altishofen

24  Contact telephone number:
020 7475 6084

25  Name of company official responsible for making notification:
Nicola Schrager von Altishofen





Additional Information: