Holding(s) in Company

Merchants Trust PLC
17 April 2007


TR-1(i):     NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying issuer of existing   The Merchants Trust P.L.C

shares to which voting rights are attached(ii):

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                     (   )

An acquisition or disposal of financial instruments which may result in the acquisition of      (   )
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                                (   )

Other (please specify): Initial disclosure of existing interest under  FSA Transparency           X
rules

3. Full name of person(s) subject to the notification obligation Peter Stanley Allen
(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):       Mrs Judith Merric Allen; and

                                                                 WCWB Pep Nominees Ltd; and

                                                                 Quilter Nominees Ltd;

                                                                 and Aboyne-Clyde Rubber Estates of Ceylon
                                                                 plc.

6. Date on which issuer notified:                                14 April 2007

7. Threshold(s) that is/are crossed or reached:

8. Notified details:










A: Voting rights attached to shares
Class/type of    Situation previous to Resulting situation after the triggering transaction(vi)
shares           the Triggering
                 transaction (v)
 if possible     Number of  Number of  Number of    Number of voting rights   % of voting rights
using the ISIN   Shares     Voting     shares       ix
CODE                        Rights
                            viii       Direct       Direct  x    Indirect xi  Direct       Indirect

     3.65%
Preference Stock                                                 185,582                   15.75%
Units of £1
                                                                                           Of that class




B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights

  185,582                                            15.75%
                                                   Of that class






9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:
Peter S Allen: no direct holding;

Judith Merric Allen: 380 Preference Stock Units held directly (0.03%); 7,415 Preference Stock Units registered in the
name of Quilter Nominees Limited (0.63%);

WCWB Pep Nominees Ltd (as Pep & Isa Manager on behalf of J M Allen): 142,287 Preference Stock Units (12.08%);

Aboyne-Clyde Rubber Estates of Ceylon PLC (in which P S Allen is the controlling shareholder) : 35,500 Preference Stock
Units (3.01%).







Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:

14. Contact name:                              Kirsten Salt

15. Contact telephone number:                     020 7065 1513



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