Top 10 Holdings

Merrill Lynch World Mining Tst PLC
05 January 2005

Merrill Lynch World Mining Trust plc
As at 31 December 2004

Top 10 holdings:                                     %


CVRD                                                 10.4
RIO TINTO                                            7.4
BILLITON                                             6.6
MINAS BUENAVENTURA                                   5.2
FALCONBRIDGE LIMITED                                 4.9
IMPALA PLATINUM                                      4.7
ABER DIAMOND                                         4.1
ALUMINA                                              4.1
XSTRATA                                              4.0
ILUKA RESOURCES                                      3.5



Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:

n/a




5 January 2005


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