Top 10 Holdings - May 04

Merrill Lynch World Mining Tst PLC
02 June 2004

Merrill Lynch World Mining Trust plc
As at 31 May 2004

Top 10 holdings:                                     %

CVRD                                                 7.11
MINAS BUENAVENTURA                                   6.69
RIO TINTO                                            6.49
BHP BILLITON                                         5.83
FALCONBRIDGE LIMITED                                 5.35
ABER DIAMOND                                         4.64
IMPALA PLATINUM MINES                                4.40
ALUMINA                                              4.21
NORANDA                                              4.05
INCO                                                 3.48

Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:

n/a


2 June 2004


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