Month End Performance

Mercury World Mining Trust PLC
6 December 1999



All information is at 30th November 1999 and unaudited.

Performance at month end with net income reinvested
                          One    Three  Year to     One   Three     Five
                        Month   Months     Date    Year   Years    Years
Net asset value          6.2%     10.8    74.9%   61.1%    6.3%     9.6%
Share price              5.0%      6.9%   63.5%   49.6%    6.0%    -2.9% 
HSBC Global Mining
 Index (Capital Only)    6.1%     2.6%    51.0%   41.5%   -9.4%   -10.0%

At month end
Net asset value 105.18p  including current year net revenue of 1.29p
Share price:     88.50p  Discount to NAV:                      15.9%
                         Net yield:                             1.4%
Total assets:  £227.8m
Gearing:         13.2%  
Ordinary shares in issue:      191,599,852
300,000 share were repurchased and cancelled during the month

Sector                 % Total   Country               % Total
Analysis                Assets   Analysis               Assets
                                               
Base Metals               34.2   South Africa             33.3
Diversified               19.2   Latin America            17.7
Gold                      18.9   Europe                   15.5
Platinum                  16.6   USA                      10.9
Silver/Diamonds            7.7   Australia                10.5
Industrial Minerals        3.2   Canada                   10.4
Gold Bullion               0.8   Africa                    1.5
Net current liabilities   (0.6)  Gold Bullion              0.8
                                 Net current liabilities  (0.6)
                         -----                           -----
                         100.0                           100.0
                         =====                           =====

Ten Largest Equity Investments
Company          % Investments     Country of Risk
Impala Platinum            6.4     South Africa
Minas Buenaventura         5.4     Peru
Billiton                   5.3     UK
Cominco                    5.0     Canada
Anglo American Corp        4.8     UK    
Alcoa                      3.8     USA
Anglo American Platinum    3.7     South Africa 
De Beers Centenary         3.7     South Africa
Pasminco                   3.7     Australia
Gold Fields                3.7     South Africa 

                          ----
Total                     45.5
                          ====

Sources: Mercury Asset Management Ltd, HSBC Global Mining Index

Latest information is available by typing 'MAMINDEX' on Reuters, 'MAMI' on
Bloomberg or '8800' on Topic 3 (ICV terminal).