Performance at Month End

Merrill Lynch World Mining Tst PLC
14 August 2003


MERRILL LYNCH WORLD MINING TRUST plc

All information is at 31 July 2003 and unaudited.

Performance at month end with net income reinvested

                                                                       One       Three        One      Three        Five
                                                                     month      months       year      years       years

Net asset value                                                      11.2%       18.3%      32.6%      69.9%      175.3%
Share price                                                          10.4%       19.7%      30.5%      75.6%      165.7%
HSBC Global Mining Index (capital only)                              11.1%       18.8%      21.9%      27.2%       68.6%

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



At month end
Net asset value:                      163.31p*              Discount to NAV:                                       15.3%
Share price:                          138.25p               Net historic yield:                                     1.5%
Total assets:                         £264.2m
Gearing:                              0.2%                  Effective gearing:                                      1.7%
Ordinary shares in issue:             162,800,000


* includes current year net revenue of 1.33p




Sector Analysis                             % Total          Country Analysis                          % Total Assets
                                             Assets
Diversified                                    32.0          Europe                                              24.7
Gold                                           25.2          South Africa                                        21.3
Base Metals                                    22.8          Canada                                              19.3
Platinum                                        8.0          Latin America                                       15.3
Silver/Diamonds                                 7.0          Australasia                                         13.8
Industrial Minerals                             4.3          China                                                3.1
Gold Bullion                                    2.2          SE Asia                                              2.2
Net current liabilities                         (1.5)        USA                                                  1.6
                                                             Africa                                               0.2
                                                             Net current liabilities                               (1.5)
                                              100.0                                                             100.0


Ten Largest Equity Investments
Company                                 % of Investments          Country of Risk
Minas Buenaventura                                   7.2          Peru
BHP Billiton                                         6.9          Global
Gold Fields                                          6.7          South Africa
Impala Platinum                                      5.8          South Africa
Aber Diamond                                         5.5          Canada
CVRD                                                 5.2          Brazil
Rio Tinto                                            4.8          Global
Harmony Gold Mining                                  4.4          South Africa
Falconbridge                                         4.0          Canada
Inco                                                 3.8          Canada
Total                                               54.3




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).



The Trust's interim report, which includes a commentary by the investment
manager, will be available on the above mentioned internet site from 18 August
2003.  Alternatively, a hard copy can be requested from the company secretary on
020 7743 3000.



14 August 2003




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