Holding in Company

Merrill Lynch World Mining Tst PLC
27 December 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 Limited and Phillips & Drew Life 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:

38 holders, largest being:


        Chase Nominees Limited A/C GMC3         11,269,209
        Phildrew Nominees Limited A/C SB           849,639
        Phildrew Nominees Limited A/C LF09         731,224

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:

4,017,350

8) Percentage of issued class:

2.4%

9) Class of security:

Ordinary shares of 5p each

10) Date of transaction:

Unknown

11) Date company informed:

27 December 2001

12) Total holding following this notification:

19,454,941

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

11.69%

14) Any additional information:

N/A

15) Name of contact and telephone number for queries:

Miss H M Harvey - 020 7743 5307

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


        Miss H M Harvey

        For Merrill Lynch Investment Managers Group Services Limited
        Secretary

17) Date of notification:


        27 December 2001