Month End Performance - October

Mercury World Mining Trust PLC
8 November 1999



MERCURY WORLD MINING TRUST PLC
All information is at 29th October 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         -3.1%     9.4%    64.7%   56.7%   -1.4%    -0.9%      
Share price             -6.1%     7.7%    55.7%   48.4%   -4.2%   -17.6%    
HSBC Global Mining
 Index (Capital Only)   -4.9%     0.4%    42.2%   32.2%  -15.1%   -18.6%      
 

At month end
Net asset value 99.04p  including current year net revenue of 1.21p
Share price:    84.25p  Discount to NAV:                      14.9%
                        Net yield:                             1.4%
Total assets:  £214.2m
Gearing:         12.9%  
Ordinary shares in issue:      192,399,852 

Sector                 % Total   Country               % Total
Analysis                Assets   Analysis               Assets         
                                               
Base Metals               35.7   South Africa             33.7
Diversified               19.2   Latin America            16.7
Gold                      18.4   Europe                   16.6
Platinum                  16.3   USA                      10.9
Silver/Diamonds            7.2   Canada                   10.4
Industrial Minerals        3.0   Australia                10.3
Gold Bullion               0.8   Africa                    1.2
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
Anglo American             5.4     South Africa
Cominco                    5.2     Canada
Billiton                   5.2     Europe
Alcoa                      3.8     USA
Gold Fields                3.7     South Africa 
Harmony                    3.7     South Africa
Pasminco                   3.7     Australia
Anglo American Platinum    3.7     South Africa 
    
                          ----
Total                     46.2
                          ====

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).

8th November 1999