BARC Barclays Plc

RNS No 4578k
MERCHANTS TRUST PLC


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
MERCHANTS TRUST PLC

2   Name of shareholder having a major interest:
Barclays PLC, Barclays Bank PLC and their subsidiaries

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
As in 2 above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
-

5   Number of shares/amount of stock acquired:
**

6   Percentage of issued class:
-

7   Number of shares/amount of stock disposed:
-

8   Percentage of issued class:
-

9   Class of security:
Ordinary 25p shares

10  Date of transaction:
-

11  Date company informed:
3rd September 1998

12  Total holding following this notification:
**

13  Total percentage holding of issued class following this notification:
**

14  Contact name for queries:
Paul Seaton-Burn

15 Contact telephone number:
0171-475 5275

16  Name of company official responsible for making notification:
As in 14 above

17  Date of notification:
3rd September 1998




Additional Information:


** The Company has been advised that a notification, dated 2nd September 1998,
   giving notice that Barclays PLC and its subsidiary Barclays Bank PLC no   
   longer had a notifiable interest in the Ordinary 25p Shares of the Company.

   This announcement therefore serves to confirm that Barclays PLC, and its
   subsidiary Barclays Bank PLC, continue to hold 3,077,151 ordinary shares   
   (representing 3.01% of the issue class of capital) in the Company.



END


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