Performance at month end

Merrill Lynch World Mining Tst PLC
14 March 2002

MERRILL LYNCH WORLD MINING plc

All information is at 28 February 2002 and unaudited.

Performance at month end with net income reinvested

                                              One            Three           One          Three              Five
                                            month           months          year          years             years

Net asset value                             10.9%            28.0%         22.4%         129.8%             43.4%

Share price                                 11.3%            29.9%         22.7%         115.1%             40.3%

HSBC Global Mining Index (capital            6.1%            14.4%         11.3%          76.7%              6.8%
only)

MSCI World Metals & Mining Index             5.0%            10.2%          9.3%          49.6%              0.9%
(capital only)

Sources: Merrill Lynch Investment Managers, HSBC Global Mining Index, Datastream

At month end

Net asset value:                                                                          146.62p

Share price:                                                                              119.25p


Discount to NAV:                                                                            18.8%

Total assets:                                                                             £246.7m

Gearing:                                                                                     3.4%

Effective gearing:                                                                           0.0%

Net historic yield:                                                                          2.6%

Ordinary shares in issue:                                                             162,945,461

(600,000 shares were repurchased and cancelled during the month).

An update on the portfolio will be given at the Company's Annual General Meeting
on 27 March 2002 at 2.30 pm.

Latest information is available by typing www.mlim.co.uk/its on the internet,
'MLIMINDEX' on Reuters, 'MLIM' on Bloomberg or '8800' on Topic 3 (ICV terminal).

14 March 2002
ENDS

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