Holding in Company -Amendment

Mercury Grosvenor Trust PLC
17 January 2001


The issuer has made the following amendment to the Holding in Company
announcement released 16/01/01 at 15.00 under RNS No 3108X.

Date of Transaction should read '12 December 2000' and not '15 January 2001' as
previously stated

All other details remain unchanged.

The full corrected version is shown below.
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Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Mercury Grosvenor Trust plc

2   Name of shareholder having a major interest:
Exeter Investment 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:

Exeter Capital Growth Fund                     600,000
Exeter Smaller Companies Income Fund Limited   200,000
Exeter Managed Growth Fund                     125,000
                                               -------
TOTAL                                          925,000

5   Number of shares/amount of stock acquired:
100,000

6   Percentage of issued class:
0.40%

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:
12 December 2000

11  Date company informed:
15 January 2001 (after office hours)

12  Total holding following this notification:
925,000

13  Total percentage holding of issued class following this notification:
3.67%

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:
17 January 2001