Holding(s) in Company

Merchants Trust PLC
19 March 2007


TR-1:               Notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing           The Merchants Trust Plc
shares to which voting rights are attached:

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: Existing Positions requiring disclosure under the new Disclosure and Transparency          X

Rules.

3. Full name of person(s) subject to the notification                      Lloyds TSB Group plc
obligation:

4. Full name of shareholder(s) (if different from 3.):            Lloyds TSB Registrars Savings Nominees
                                                                                 Limited
5. Date of the transaction and date on which the threshold is                      n/a
crossed or reached:

6. Date on which issuer notified:                                            16th March 2007

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

8. Notified details:


A: Voting rights attached to shares
Class/type of    Situation previous to Resulting situation after the triggering transaction
shares           the Triggering
                 transaction
if possible      Number of  Number of  Number of     Number of voting rights  % of voting rights
using the ISIN   Shares     Voting     shares
CODE                        Rights     Direct        Direct      Indirect     Direct       Indirect
 GB0005800072                          77,276        77,276      4,009,338    0.074%        3.864%



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



Total (A+B)
Number of voting rights                            % of voting rights
                             4,086,614                                     3.939%





9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:



Proxy Voting:

10. Name of the proxy holder:                                                       N/A

11. Number of voting rights proxy holder will cease to hold:                        N/A

12. Date on which proxy holder will cease to hold voting rights:                    N/A

13. Additional information:

14. Contact name:                                                      Kirsten Salt

15. Contact telephone number:                                         020 7065 1513




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