Total Voting Rights

MERCHANTS TRUST PLC - VOTING RIGHTS AND CAPITAL

LEI: 5299008VJFXCUD2EG312

In accordance with its obligations under rule 5.6.1 of the Disclosure Guidance and Transparency Rules, the Company notifies the market of the following:

As at:

2 December 2025 Merchants Trust PLC's capital consists of:

Share class

Number of shares issued 

Voting rights per share

 Total voting rights

Ordinary Shares of 25p

148,424,887

1

148,424,887

Ordinary Shares held in Treasury

792,017

0

0

3.65% Cumulative Preference Stock of £1

1,178,000

1

1,178,000

Total Number of voting rights in the Company*:

148,810,870

148,810,870

* Total number of voting rights is the sum of the outstanding number of ordinary shares and the 3.65% cumulative preference stock.

The above figures may be used by shareholders as the denominators for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, The Merchants Trust PLC under the FCA's Disclosure Guidance and Transparency Rules.

2 December 2025

Enquiries:

Nira Mistry

Company Secretary