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Merchant Retail Gp (MRT)

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Monday 20 June, 2005

Merchant Retail Gp

Rule 8.4 - Merchant Retail

Merchant Retail Group PLC
20 June 2005


                             FOR IMMEDIATE RELEASE

                   MERCHANT RETAIL GROUP PLC (the 'Company')

                          Dealings by Mr John Guthrie


The Board of Merchant Retail Group plc (the 'Board') announces that it was
notified on 20 June 2005 of the following:

Mr John Guthrie, who has provided an irrevocable undertaking to accept the Offer
for the Company over 11,575,000 Merchant Retail Shares as disclosed in the offer
document dated 1 June 2005, has gifted 482,000 shares to the Charity Aid
Foundation.  This transfer has been made with the consent of the offeror.  Mr
Guthrie confirmed to the Board that the irrevocable undertaking will apply to
his residual resultant holding of 11,093,000 Ordinary Shares of 10p.  Mr Guthrie
has also undertaken to use all reasonable endeavours to ensure that the Charity
Aid Foundation assents the gifted shares to the Offer.

All definitions included in the offer document apply to this announcement.


For further information please contact:

Philip Newton, Chief Executive                         01494 894 000

Ann-Marie Wilkinson, Bell Pottinger Financial          020 7861 3232



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