Performance at Month End

Mercury World Mining Trust PLC
9 March 2000


MERCURY WORLD MINING TRUST PLC
All information is at 29th February 2000 and unaudited.

Performance at month end with net income reinvested
                          One     Three     One     Three     Five
                        Month    Months    Year     Years     Years
Net asset value         -7.2%      -1.2%   55.7%     -2.8%     21.0%
Share price             -6.7%      -0.9%   50.0%     -2.1%      7.6%
HSBC Global Mining
 Index (Capital Only)   -8.7%      -8.5%   29.5%    -21.7%     -9.2%        

At month end
Net asset value 102.67p xd
Share price:     86.50p  Discount to NAV:                      15.7%
                         Net yield:                             1.4%
Total assets:   £219.0m
Gearing:         15.5%  
Ordinary shares in issue:      184,849,852
(1,100,000 shares were repurchased and cancelled during the month).

Sector                 % Total   Country               % Total
Analysis                Assets   Analysis               Assets
Base Metals               33.3   South Africa             34.3
Gold                      21.9   Latin America            18.2
Platinum                  17.4   USA                      15.5
Diversified               15.6   Europe                   12.6
Silver/Diamonds            8.6   Australia                 9.9
Industrial Minerals        4.2   Canada                    8.8
Net current liabilities   (1.0)  Africa                    1.7
                                 Net current liabilities  (1.0)
                         -----                           -----
                         100.0                           100.0
                         =====                           =====

Ten Largest Equity Investments
Company          % Investments     Country of Risk
Impala Platinum            6.7     South Africa
Minas Buenaventura         6.0     Peru
Alcoa                      4.4     USA
De Beers Centenary         4.3     South Africa
Cominco                    4.2     Canada
Gold Fields                3.9     South Africa
Anglo American Platinum    3.6     South Africa
Harmony Gold               3.6     South Africa
Billiton                   3.5     UK
AngloGold                  3.5     South Africa
                          ----
Total                     43.7
                          ====

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).