Issue of Warrants

Merrill Lynch World Mining Tst PLC
17 March 2006

Merrill Lynch World Mining Trust plc

Warrant exercise price

In connection with the bonus issue of warrants detailed in the Circular to
shareholders dated 16 February 2006, the Board confirms the relevant exercise
prices as follows:

The Warrant exercise price on 27 February 2007 will be 439p

This price is based upon the NAV per ordinary share of 433.88p as at close of
business on 16 March 2006 plus 1%, rounded up to the nearest whole penny.

The Warrant exercise price on 29 February 2008 will be 478p

This price is based upon the NAV per ordinary share of 433.88p as at close of
business on 16 March 2006 plus 10%, rounded up to the nearest whole penny.

The Warrant exercise price on 28 February 2009 will be 565p

This price is based upon the NAV per ordinary share of 433.88p as at close of
business on 16 March 2006 plus 30%, rounded up to the nearest whole penny.

ENQUIRIES:

Caroline Driscoll                                    020 7743 2427
Merrill Lynch Investment Managers

Graham Birch                                         020 7743 2690
Merrill Lynch Investment Managers

Angus Gordon Lennox                                  020 7588 2828
JPMorgan Cazenove Limited


17 March 2006




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