Holding(s) in Company

Merrill Lynch World Mining Tst PLC
11 March 2002


                                  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, Phillips & Drew Life Limited, UBS Asset
        Management International Limited and their holding company 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:

        N/A

        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:

        N/A

        8) Percentage of issued class:

        N/A

        9) Class of security:

        Ordinary shares of 5p each

        10) Date of transaction:

        11 January 2002

        11) Date company informed:

        11 March 2002 (original notification appears to have gone astray, hence
        Company Secretary only received copy on 11 March 2002.)

        12) Total holding following this notification:

        Below notifiable interest.

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

        N/A

        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:

        11 March 2002




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