Director Shareholding

Merrill Lynch World Mining Tst PLC
26 March 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 1. Name of company

    Merrill Lynch World Mining Trust plc

    2) Name of director

    Colin Buchan



        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)

        Colin Buchan


        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 warrants on bonus issue by company

        7) Number of shares/amount of stock acquired

        4,000

        8) Percentage of issued class

        0.01%

        9) Number of shares/amount of stock disposed

        N/A

        10) Percentage of issued class

        N/A

        11) Class of security

        warrants to subscribe for ordinary shares

        12) Price per share

        nil

        13) Date of transaction

        26 March 2004

        14) Date company informed

        26 March 2004

        15) Total holding following this notification

        20,000 ordinary shares

        4,000 warrants

        16) Total percentage holding of issued class following this notification

        0.01% of ordinary shares

        0.01% of warrants

        17) Any additional information

        None

        18) Contact name for queries

        Miss H M Harvey

        19) Contact telephone number

        020 7743 5307

        20) Name of authorised company official responsible for making
        notification

        Miss H M Harvey, Merrill Lynch Investment Managers Group Services
        Limited
        Secretary



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