Holding(s) in Company-Replace

Merchants Trust PLC
12 April 2002


The following replaces the 'Holding in Company' announcement released today,
12th April 2002, at 16.30 hours under RNS Number 4940U.

The name of the company issuing this announcement should have been The Merchants
Trust PLC and not The Brunner Investment Trust PLC. All other details remain
unchanged.

The full amended text appears below.




                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

The Merchants Trust PLC

2) Name of shareholder having a major interest

Zurich Financial Services and its Group

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

-

8) Percentage of issued class

-

9) Class of security

3.65% Preference Shares of £1

10) Date of transaction

See additional information

11) Date company informed

11th April 2002

12) Total holding following this notification

-


13) Total percentage holding of issued class following this notification

7.6%


14) Any additional information

The Company has been advised by Threadneedle Asset Management Limited that
following a corporate reorganisation with the Zurich Financial Services Group
such that at 8th April 2002 Zurich Scudder Investments Inc ceased to be a member
of the Zurich Financial Services Group and that Threadneedle Asset Management
Limited are no longer required to disclose any interests in shares on its
behalf.


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 - Company Secretary

Date of notification 12th April 2002



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