Dividend Declaration

Merchants Trust PLC
16 January 2006



For Immediate Release



16 January 2006


                            THE MERCHANTS TRUST PLC


                                  ANNOUNCEMENT


                            THIRD QUARTERLY DIVIDEND


                          Year Ending 31 January 2006


Third Quarterly Dividend


The Board has declared a third quarterly dividend of 4.8p per Ordinary Share,
payable on 17 February 2006 to holders on the register at the close of business
on 27 January 2006.



For further information please contact:


RCM (UK) Limited
Simon White               020 7065 1539
Nigel Lanning             020 7065 1474




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