Net Asset Value(s)

Merrill Lynch World Mining Tst PLC
01 August 2006



NET ASSET VALUE

MERRILL LYNCH WORLD MINING TRUST plc

The unaudited net asset value for Merrill Lynch World Mining Trust plc at close
of business on 31 July 2006 was:

469.16p  undiluted
464.14p  diluted

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items, disclosed in the most recent monthly announcement, are
included in net asset value, with dividends deducted on the ex-dividend date.

3. The Merrill Lynch World Mining Trust plc diluted NAV has been calculated
based on 33,659,228 warrants issued on 20 March 2006.

4. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the Merrill Lynch
Investment Trusts, see MLIMINDEX on Reuters or page 8800 on ICV (Topic 3).

5. 95,461 ordinary shares purchased on 15 October 2002 (total 98.5 million
ordinary shares purchased to date, excluding the share tender offer) has been
reflected in these calculations.




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