Director Shareholding

Merrill Lynch World Mining Tst PLC
05 August 2002



                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Merrill Lynch World Mining Trust plc

2) Name of director

Gordon Sage

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

Above named director

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

Gordon Sage

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary of ordinary shares

Acquisition of ordinary shares

7) Number of shares/amount of stock acquired

10,000

8) Percentage of issued class

0.006%

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

Ordinary shares of 5p each

12) Price per share

104p

13) Date of transaction

5 August 2002

14) Date company informed

5 August 2002

15) Total holding following this notification

10,000 ordinary shares

16) Total percentage holding of issued class following this notification

0.006%

17) Any additional information

None

18) Contact name for queries

Miss D A Fish

19) Contact telephone number

020 7743 5153

20) Name of authorised company official responsible for making notification

Miss D A Fish, Merrill Lynch Investment Managers Group Services Limited
Secretary




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