Holding in Company

Merrill Lynch World Mining Tst PLC
22 May 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:

     Merrill Lynch World Mining Trust plc

2) Name of shareholder having a major interest:

     UBS Asset Management, Phillips & Drew Life Limited and UBS Asset
Management International Limited, subsidiaries of UBS Asset Management Holding
(No.2) Limited

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

     Non-beneficial holdings

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

     53 holders, largest being:


        Chase Nominees Limited A/C GMC3 11,269, 209
        Phildrew Nominees Limited A/C BTRGPS 2,609,211
        Phildrew Nominees Limited A/C UT21 844,043
        Phildrew Nominees Limited A.C SB 849,639



5) Number of shares/amount of stock acquired:

     N/A

6) Percentage of issued class:

     N/A

7) Number of shares/amount of stock disposed:

     2,173,310

8) Percentage of issued class:

     1.29%

9) Class of security:

     Ordinary shares of 5p each

10) Date of transaction:

     Unknown

11) Date company informed:

     22 May 2001

12) Total holding following this notification:

     25,128,843

13) Total percentage holding of issued class following this notification:

     14.93%

14) Any additional information:

N/A


15) Name of contact and telephone number for queries:

     Miss D A Fish - 020 7743 5153

16) Name and signature of authorised company official responsible for
making this notification:


        Miss D A Fish

        For Merrill Lynch Investment Managers Group Services Limited
        Secretary

17) Date of notification:


        22 May 2001