Warrant Exercise Price

Merrill Lynch World Mining Tst PLC
25 March 2004


                      Merrill Lynch World Mining Trust plc

                   Warrants to subscribe for ordinary shares
                             Warrant exercise price


The Warrant exercise price will be 219p.

This price is based upon the NAV per ordinary share of 216.59p as at close of
business on 24 March 2004 plus 1%, rounded up to the nearest whole penny.


25 March 2004


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