Interim Management Statement

WORLDWIDE HEALTHCARE TRUST PLC Interim Management Statement - 3 months to 31 December 2013 (unaudited) Worldwide Healthcare Trust PLC invests in the global healthcare sector with the objective of achieving a high level of capital growth. In order to achieve its investment objective, the Company invests worldwide in a diversified portfolio of shares in pharmaceutical and biotechnology companies and related securities in the healthcare sector. The Company uses gearing and derivative transactions to mitigate risk and also enhance returns. During the 3 month period ended 31 December 2013 the Company's fully diluted net asset value per share total return was 8.8%, in line with the Company's share price total return; both outperformed the Company's benchmark, the MSCI World Health Care Index measured in sterling terms on a total return basis, which rose by 6.4% during the period. Overall, exposure to North America and also to large capitalisation stocks was increased while holdings in Europe and small capitalisation stocks were reduced. At the stock level, the percentage holding in Gilead Sciences rose and a position in Regeneron Pharmaceuticals was established while those in Roche and Merck fell. During the three-month period 211,349 new shares were issued, as a result of holders of subscription shares exercising their subscription rights, raising £ 1.5m of additional funds for the Company. Since the period end, to the date of this report, 192,377 new shares were allotted, as a result of holders of subscription shares exercising their subscription rights, raising £1.3m of additional funds for the Company. As at 14 February 2014 there are 46,292,111 shares in issue. There are also 1,860,969 subscription shares in issue. In the period from 31 December 2013 to 12 February 2014, the Company's fully diluted net asset value per share total return was 7.5%, compared to a return of 3.4% from the Company's benchmark. The share price total return was 4.6%. A first interim dividend of 7.0p per share, for the year to 31 March 2014, was paid on 10 January 2014 to shareholders on the register of members on 6 December 2013. The associated ex-dividend date was 4 December 2013. Trust Characteristics 31 December 2013 30 September 2013 Number of holdings 62 57 Net assets (£m) 593.6 548.4 Indicative yield 1.3% 1.4% Gearing (AIC basis) 11% 12% Share price (p) 1239.00 1145.00 NAV (p) -undiluted (ex 1284 .59 1187.54 income) NAV (p) diluted: sub shares 1259.62 1164.56 (ex income) (Discount)/premium (3.5%) (3.6%) (undiluted) (Discount/premium(diluted - (1.6%) (1.7%) sub shares) Subscription share price (p) 521.00 444.00 Source: Frostrow Capital LLP 10 Largest Investments Name % of % of portfolio portfolio at 31 December 2013 at 30 September 2013 Roche 7.2 7.6 Gilead Sciences 5.3 4.9 Regeneron Pharmaceuticals 3.8 - HCA 3.6 2.7 Incyte 3.4 3.1 Merck & Co 3.4 4.5 Bristol-Myers Squibb 3.4 3.2 Mylan 3.4 3.3 Amgen 3.2 3.5 Biogen Idec 2.8 3.9 Total 39.5 36.7 Source: Frostrow Capital LLP Sector Analysis % of % of portfolio portfolio at 31 December 2013 at 30 September 2013 Large capitalisation 74.5 68.7 Small capitalisation 25.5 31.3 Total 100.0 100.0 Source: Frostrow Capital LLP Geographical Analysis % of % of portfolio portfolio at 31 December 2013 at 30 September 2013 North America 69.3 67.2 Europe 11.5 13.7 Asia 8.7 8.0 Emerging Markets 10.5 11.1 Total 100.0 100.0 Source: Frostrow Capital LLP Total Return Performance to 31 December 2013 3 Months 1 Year 3 Years 5 Years Share price +8.8% +47.1% +88.4% +141.6% NAV Fully +8.8% +44.6% +77.4% +123.1% diluted Benchmark* +6.4% +33.6% +66.1% +88.3% Source: NAV (total return; fully diluted) and Share Price (total return) Morningstar. Benchmark - Thomson Reuters and Bloomberg *Benchmark - With effect from 1 October 2010, the performance of the Company is measured against the MSCI World Health Care Index on a total return, sterling adjusted basis. Prior to this date, performance was measured against the Datastream World Pharmaceutical and Biotechnology Index measured in sterling terms on a total return basis. Historic data, therefore, consists of a blended figure containing both indices. Past performance is not a guide to future performance. This Interim Management Statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules. This Interim Management Statement is available on the Company's website www.worldwidewh.com. The Company's net asset value per share is announced daily and is available, together with the share price, on the Company's website www.worldwidewh.com and on the TrustNet website at www.trustnet.com Identification Codes: Ordinary Shares SEDOL- 0338530 ISIN - GB0003385308 Bloomberg - WWH LN EPIC - WWH Subscription Shares SEDOL - B3VMCB0 ISIN - GB00B3VMCB07 Bloomberg - WWHS LN For further information contact: Mark Pope on 0203 008 4913 Frostrow Capital LLP Company Secretary 14 February 2014
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