Net Asset Value(s)

Merchants Trust PLC
04 June 2007

The Merchants Trust plc



As recommended by the AIC, financial assets are now valued on a bid price basis
in accordance with revised UK accounting standards.



The Merchants Trust PLC announces that at close of business on 1 June 2007:

1)      based on the book value of the company's long term debt and preference
shares, its capital net asset value per ordinary share was 600.13p; and

2)      based on the market value of the company's long term debt and preference
shares, its capital net asset value per ordinary share was 577.09p.



The market values of the company's long term debt and preference shares are
based on closing Stock Exchange Daily Official List prices (with the exception
of the 2029 5.875% debenture stock where the market value is derived by applying
an interest rate that represents a suitable premium over a comparable gilt) and
are updated monthly.



Enquiries:

Kirsten Salt

Tel: [phone]

4 June 2007




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