Exercise of Warrants

Merrill Lynch World Mining Tst PLC
02 March 2007

MERRILL LYNCH WORLD MINING TRUST PLC



The Board of Merrill Lynch World Mining Trust plc announces that, following the
warrant exercise date on 28 February 2007, 3,844,373 new ordinary shares of 5p
each have been allotted with effect from 2 March 2007.



Following this exercise the total issued share capital has increased to
172,143,279 ordinary shares.  Application has been made for 3,844,373 ordinary
shares to be admitted to the Official List in due course and dealings on the
London Stock Exchange are expected to commence on 14 March 2007.



29,814,855 warrants remain unexercised.  The remaining warrants will be
exercisable on 29 February 2008 at a price of 478p per warrant, or 565p per
warrant if exercised on 27 February 2009.



For further details please contact:



Caroline Driscoll

Secretary

BlackRock Investment Management (UK) Limited

Tel: [phone]





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