Holding(s) in Company

Merchants Trust PLC
14 April 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

The Merchants Trust PLC

2) Name of shareholder having a major interest

Barclays PLC


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:

As in 2 above.

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

5) Number of shares/amount of stock acquired

-

6) Percentage of issued class

-

7) Number of shares/amount of stock disposed

Not disclosed


8) Percentage of issued class

-

9) Class of security

Ordinary 25p shares


10) Date of transaction

10th April 2003


11) Date company informed

14th April 2003

12) Total holding following this notification

Not disclosed


13) Total percentage holding of issued class following this notification

Not disclosed


14) Any additional information

The shareholder in 2 above no longer has a notifiable interest in the capital of
the Company


15) Name of contact and telephone number for queries

Kirsten Salt - 020 7475 5808

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

Kirsten Salt

Date of notification 14th April 2003


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