Holding in Company

Mercury Grosvenor Trust PLC
13 March 2001


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Mercury Grosvenor Trust plc

2   Name of shareholder having a major interest:
Halifax Group 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:
Beneficial

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

HSBC Global Custody Nominees (UK) Ltd A/C 744285 
6 holders, the largest holding 8,344 shares) 
- total holding for this A/C                          13,285
Chase Nominees Ltd A/C CMIGMAIN                    2,973,000
The Equitable Life Assurance Society                   2,500
                                                   ---------
TOTAL                                              2,988,785

5   Number of shares/amount of stock acquired:
5,606

6   Percentage of issued class:
0.02%

7   Number of shares/amount of stock disposed:
N/A

8   Percentage of issued class:
N/A

9   Class of security:
Ordinary 25p shares

10  Date of transaction:
1 March 2001

11  Date company informed:
13 March 2001

12  Total holding following this notification:
2,988,785

13  Total percentage holding of issued class following this notification:
11.87%

14  Contact name for queries:
Miss K Rucht

15 Contact telephone number:
020 7743 5466

16  Name of company official responsible for making notification:
Miss K Rucht

17  Date of notification:
13 March 2001