Holding(s) in Company

Merchants Trust PLC
25 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

Peter S Allen and Judith M Allen


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

In respect of (2) above

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

Quilter & Co.                                   82,415

P.S. Allen and J. M. Allen                       1,450

Gilt Fund Securities Limited                    51,217

Aboyne-Clyde Rubber Estates of Ceylon plc       35,500

5) Number of shares/amount of stock acquired

86,717


6) Percentage of issued class

7.36%


7) Number of shares/amount of stock disposed

-


8) Percentage of issued class

-


9) Class of security

3.65% Cumulative Preference Shares of 25p each

10) Date of transaction

16 April 2003

11) Date company informed

18 April 2003

12) Total holding following this notification

170,582

13) Total percentage holding of issued class following this notification

14.48%


14) Contact name for queries:

Kirsten Salt

15) Contact telephone number:

020 7475 5808

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

As in 14 above.


17) Date of notification:

25 April 2003


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