Director Shareholding

Merrill Lynch World Mining Tst PLC
29 April 2005

                                  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

    Expiration of warrants

    7) Number of shares/amount of stock acquired

    N/A

    8) Percentage of issued class

    N/A

    9) Number of shares/amount of stock disposed

    2,000 warrants

    10) Percentage of issued class

    0.006%

    11) Class of security

    warrants to subscribe for ordinary shares

    12) Price per share

    nil - warrants have lapsed

    13) Date of transaction

    29 April 2005

    14) Date company informed

    29 April 2005

    15) Total holding following this notification

    10,000 ordinary shares

16) Total percentage holding of issued class following this notification

0.006% of ordinary shares

17) Any additional information

None

18) Contact name for queries

Miss C Driscoll

19) Contact telephone number

020 7743 2427

20) Name of authorised company official responsible for making notification

Miss C Driscoll, Merrill Lynch Investment Managers Group Services Limited
Secretary


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