Top 10 Holdings - July 2004

Merrill Lynch World Mining Tst PLC
03 August 2004

Merrill Lynch World Mining Trust plc
As at 31 July 2004

Top 10 holdings:                                      %

CVRD                                                 7.2
RIO TINTO                                            6.8
BHP BILLITON                                         6.3
MINAS BUENAVENTURA                                   6.3
FALCONBRIDGE                                         5.3
IMPALA PLATINUM MINES                                4.7
ABER DIAMOND                                         4.1
NORANDA                                              4.1
ALUMINA                                              4.1
XSTRATA                                              3.7

Other holdings over 5%:

n/a

Holdings in restricted UK listed investment companies:

n/a


3 August 2004


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