PostingCirculartoShareholders

Mercury Grosvenor Trust PLC
04 April 2003

Mercury Grosvenor Trust plc

Posting of circular to shareholders



Further to the preliminary results announcement of 18 March 2003 which included
details of proposed new management arrangements, the board of Mercury Grosvenor
Trust plc (the 'Company') announces that it has today posted a circular to
Shareholders containing, inter alia, details of these new management
arrangements and a notice of Extraordinary General Meeting of the Company to be
held on Tuesday, 29 April 2003.



For further information please contact:

David Bucks - Chairman, Mercury Grosvenor Trust plc

Tel: [phone]

Frances Jacob - HgCapital

Tel: [phone]

Mark Ashurst - Credit Lyonnais Securities

Tel: [phone]






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