Holding(s) in Company

Merchants Trust PLC
09 March 2007


TR-1(i):               notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing             Merchants Trust Plc
shares to which voting rights are attached(ii):
2. Reason for the notification (please tick the appropriate box or boxes): n/a see
additional information
An acquisition or disposal of voting rights                                                  
An acquisition or disposal of financial instruments which may result in the acquisition of   
shares already issued to which voting rights are attached
An event changing the breakdown of voting rights                                            
Other (please specify) : Initial Disclosure                                                       x
3. Full name of person(s) subject to the notification obligation Rensburg Sheppards Investment Management
(iii):                                                                        Group Limited
4. Full name of shareholder(s) (if different from 3.)(iv):                         n/a
5. Date of the transaction and date on which the threshold is                28 February 2007
crossed or reached(v):
6. Date on which issuer notified:                                            9 March 2007
7. Threshold(s) that is/are crossed or reached:                                     4%





8. Notified details:  Nominee Holdings


A: Voting rights attached to shares
Class/type of    Situation previous to Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of  Number of  Number of    Number of voting rights   % of voting rights
using the ISIN   Shares     Voting     shares       ix
CODE                        Rights
                            viii       Direct       Direct  x    Indirect xi  Direct       Indirect

Ordinary Shares                                                  4,524,860                     4.36%

GB0005800072




B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights
                    4,524,860                                              4.36%








9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:

Client holdings registered in the name of  Nominee companies 100% owned by Rensburg Sheppards Investment Management
Limited.


Proxy Voting:
10. Name of the proxy holder:                                                       N/A
11. Number of voting rights proxy holder will cease to hold:                        N/A
12. Date on which proxy holder will cease to hold voting rights:                    N/A


        13. Additional information:             This is the initial disclosure made by Rensburg Sheppards
                                                Investment Management Limited based on Nominee holdings in
                                               accordance with DTR 5.2.1(F). On an ongoing basis additional
                                              disclosures will be made as and when a notifiable threshold is
                                                                         crossed
14. Contact name:                                                      Kirsten Salt
15. Contact telephone number:                                         020 7065 1513






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