RNS Number:2550M
Merchant Retail Group PLC
12 June 2003
                                                               12 June 2003

                           MERCHANT RETAIL GROUP PLC
        (The Specialist Perfumery Retailer and Department Stores Group)

                               Holding in Company


The Board of Merchant Retail Group plc announces that it was notified on 11 June
2003 that Schroder Investment Management Limited and its direct and indirect
subsidiaries and affiliated companies, being non-beneficial holders, is
interested in 13,921,913 ordinary 10 pence shares of the Company, which
represents 12.73% of the Company's issued ordinary share capital.

The number of ordinary 10p shares in issue is 109,359,127.


For further information please contact:

Philip Newton (Chief Executive)                         01494 894000
Brian Coleman-Smith / Amanda Sheehy                     020 7398 3300
(Beattie Financial)


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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