Interim Management Statement

BLACKROCK WORLD MINING TRUST PLC Interim Management Statement - 3 months to 30 September 2012 To the members of BlackRock World Mining Trust plc. This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied on by any other party for any other reason. This interim management statement relates to the period from 1 July 2012 to 30 September 2012, and contains information that covers this period, and up to the date of publication of this interim management statement. The Company's objective is to maximise total returns to shareholders through a world-wide portfolio of mining and metal securities. Up to 10% of the assets may be invested in physical metals and up to 10% of the assets may be invested in unquoted investments. The Company is managed by Evy Hambro of BlackRock Investment Management (UK) Limited. Stock Performance Cumulative Performance: One Three One Five Month Months Year Years Net Asset Value (undiluted) 7.0% 2.3% -1.8% -9.9% Share Price 8.6% 3.3% -0.7% -4.1% HSBC Global Mining Index 7.1% 5.6% -3.5% 1.8% All performance figures are in sterling terms on a total return basis. Ten Largest Holdings at 30 September 2012 Company % Total Assets BHP Billiton 8.9 Rio Tinto 8.8 Glencore Finance (Europe) 5% 31/12/14 5.9 London Mining Contract 5.4 Minas Buenaventura 4.3 Fresnillo 4.3 First Quantum Minerals 4.3 Industrias Penoles 4.1 Freeport McMoRan 3.9 Soc Min Cerro Verde 3.5 Financial position and performance as at 30 September 2012 Gross Assets (£m) £1,253.81 Short term borrowings (£m) £81.74 Undiluted Net Asset Values: Net asset value-Cum Income* 661.11p Net asset value-Capital Only 650.74p *includes net revenue of 10.37p Share Price 579.00p Ordinary Shares in Issue* 177,287,242 Gearing 7.0% Discount to NAV** 12.4% *excluding 15,724,600 shares held in treasury **including income Material Events & Transactions On 30 July 2012, the Company announced that it had entered into an agreement with London Mining Plc to acquire contractual rights entitling a 2% revenue stream on iron ore production over the life of its Marampa mine in Sierra Leone. On 1 June 2012, David Cheyne was appointed as a Non Executive Director to the Board. On 9 August 2012, Gordon Sage stepped down as a Non Executive Director from the Board and Colin Buchan was appointed as Senior Independent Director. The Board is not aware of any material events or transactions, except as disclosed herein, occurring between 30 September 2012 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Half Yearly Financial Report The Company announced its half yearly financial results for the six months ended 30 June 2012 on 9 August 2012. On 9 August 2012, the Company declared an interim dividend of 7.00p per share, which was paid on 21 September 2012 to shareholders on the register on 24 August 2012. Contact details: Caroline Driscoll Secretary Tel: 020 7743 2427 12 November 2012 ENDS Please note more detailed performance information is available on the Investment Manager's website: www.blackrock.co.uk/brwm. Neither the contents of the Manager's website not the contents of any website accessible from hyperlinks on the Manager's website (or any other website) is incorporated into, or forms part of, this announcement.
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