Performance at Month End

Merrill Lynch World Mining Tst PLC
13 February 2002

MERRILL LYNCH WORLD MINING plc

All information is at 31 January 2002 and unaudited.

Performance at month end with net income reinvested

                                              One            Three           One          Three              Five
                                            month           months          year          years             years

Net asset value                             11.0%            24.0%         18.9%         124.6%             36.0%

Share price                                 14.0%            25.4%         20.8%          98.2%             39.2%

HSBC Global Mining Index (capital            8.3%            21.5%         11.2%          71.3%              6.0%
only)

MSCI World Metals & Mining Index             6.5%            19.1%          6.1%          37.2%            -25.7%
(capital only)

Sources: Merrill Lynch Investment Managers, HSBC Global Mining Index, Datastream


At month end

Net asset value:                                                                          134.99p

Share price:                                                                              110.00p

Discount to NAV:                                                                            18.5%

Total assets:                                                                             £222.7m

Gearing:                                                                                     3.9%

Net historic yield:                                                                          1.2%

Ordinary shares in issue:                                                             163,545,461

(2,500,000 shares were repurchased and cancelled during the month).

The annual report and accounts will be posted to shareholders on 15 February
2002.


Latest information is available by typing www.mlim.co.uk/its on the internet,
'MLIMINDEX' on Reuters, 'MLIM' on Bloomberg or '8800' on Topic 3 (ICV terminal).

13 February 2002

ENDS



                      This information is provided by RNS
            The company news service from the London Stock Exchange