Month End Performance

Mercury World Mining Trust PLC
7 April 2000


MERCURY WORLD MINING TRUST PLC
All information is at 31st March 2000 and unaudited.

Performance at month end with net income reinvested
                          One     Three     One     Three     Five
                        Month    Months    Year     Years     Years
Net asset value          -3.6%    -15.2%   43.7%     -4.8%     19.9%
Share price              -7.8%    -19.7%   29.4%    -10.2%      9.8%
HSBC Global Mining
 Index (Capital Only)     0.8%    -17.9%   24.3%    -16.5%     -9.9%


At month end
Net asset value  99.01p xd including current year net revenue of 0.66p
Share price:     79.75p    Discount to NAV:                      19.5%
                           Net yield:                             1.5%

Total assets:   £208.5m
Gearing:         14.8%
Ordinary shares in issue:      183,699,852
(1,150,000 shares were repurchased and cancelled during the month)


Sector                 % Total   Country               % Total
Analysis                Assets   Analysis               Assets
Base Metals               36.1   South Africa             30.5
Diversified               19.3   Latin America            17.3
Gold                      18.0   USA                      16.9
Platinum                  14.9   Europe                   15.7
Silver/Diamonds            8.6   Australia                10.2
Industrial Minerals        4.3   Canada                    9.0
Net current liabilities   (1.2)  Africa                    1.6
                                 Net current liabilities  (1.2)
                         -----                           -----
                         100.0                           100.0
                         =====                           =====


Ten Largest Equity Investments
Company          % Investments     Country of Risk
Impala Platinum            6.8     South Africa
Minas Buenaventura         6.1     Peru
Alcoa                      4.9     USA
De Beers Centenary         4.7     South Africa
Cominco                    4.4     Canada
Billiton                   4.2     UK
Phelps Dodge               3.8     USA
Rio Tinto                  3.7     UK
Anglo American Platinum    3.6     South Africa
Harmony Gold               3.5     South Africa
                          ----
Total                     45.7
                          ====

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).