Performance at Month End

Merrill Lynch World Mining Tst PLC
13 November 2003

 MERRILL LYNCH WORLD MINING TRUST plc

 All information is at 31 October 2003 and unaudited.

 Performance at month end with net income reinvested

                                            One      Three        One      Three       Five
                                            month     months       year      years      years
Net asset value                             13.5%      29.9%      60.9%     116.7%     255.9%
Share price                                 19.0%      40.7%      75.0%     145.6%     267.4%
HSBC Global Mining Index (capital only)     11.2%      20.1%      47.6%      50.1%     100.2%

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

At month end

Net asset value:                      212.14p*              Discount to NAV:        8.3%

Share price:                          194.50p               Net historic yield:     1.1%

Total assets:                         £366.5m

Gearing:                              7.0%                  Effective gearing:      8.4%

Ordinary shares in issue:             162,800,000

* includes current year net revenue of 1.75p




Sector                                      % Total          Country             %Total Assets
Analysis                                     Assets          Analysis

Diversified                                    36.4          Europe                  22.1

Base Metals                                    25.0          South Africa            20.2

Gold                                           22.0          Canada                  19.6

Silver/Diamonds                                 7.1          Latin America           16.5

Platinum                                        6.8          Australasia             12.7

Industrial Minerals                             3.4          China                    4.2

Physical Metals                                 1.2          SE Asia                  2.9

Net current liabilities                         (1.9)        USA                      2.5

                                                             Physical Metals          1.2

                                                             Net current liabilities (1.9)
 
                                              100.0                                 100.0


Ten Largest Equity Investments
Company                                % of Investments          Country of Risk

Minas Buenaventura                                  7.1          Peru

Rio Tinto                                           6.7          Global

CVRD                                                5.9          Brazil

Impala Platinum                                     5.8          South Africa

BHP Billiton                                        5.6          Global

Aber Diamond                                        5.5          Canada

Alumina                                             4.7          Australia

Gold Fields                                         4.7          South Africa

Falconbridge                                        4.2          Canada

Aluminium Corp of China                             3.7          China

Total                                              53.9





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 November 2003




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