Interim Management Statement

BLACKROCK WORLD MINING TRUST PLC Interim Management Statement - 3 months to 31 March 2009 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 & 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 January 2009 to 31 March 2009, and contains information that covers this period, and up to the date of publication of this interim management statement. Please note more detailed performance information, in particular the January, February & March 2009 month end announcements are available on the Investment Manager's website- www.blackrock.co.uk/its. 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. The Company is managed by Graham Birch and Evy Hambro of BlackRock Investment Management (UK) Limited. Stock Performance Cumulative Performance: One Three One Five Month Months Year Years Net Asset Value (undiluted) 17.3% 14.9% -50.3% 76.2% Share Price 16.9% 32.8% -49.4% 74.8% HSBC Global Mining Index 16.8% 8.8% -37.6% 100.9% All performance figures are in sterling terms on a total return basis. Ten Largest Equity Holdings at 31 March 2009 (in alphabetical order) African Rainbow Minerals BHP Billiton First Quantum Minerals Fresnillo Impala Platinum Industrias Penoles Minas Buenaventura Newcrest Rio Tinto Vale Financial position and performance as at 31 March 2009 Gross Assets (£m) 674.58 Short term borrowings (£m) nil Undiluted Net Asset Values: Net asset value-Cum Income 379.49p Net asset value-Capital Only 378.72p Share Price 329.00p Ordinary Shares in Issue* 177,762,242 Gearing nil Discount to NAV** 13.12% *excluding treasury shares **based on capital only NAV Material Events The Company's portfolio manager, Graham Birch, has taken sabbatical leave from the end of March until the beginning of next year. Graham has managed the Company since its inception in late 1993 and in his absence Evy Hambro will assume responsibility. Evy began his career with the firm in 1994 and has since worked closely with Graham. Material Transactions During the period, 556,800 shares were bought back and placed in treasury. On 27 February 2009, 1,313 warrants to subscribe for new ordinary shares were exercised at an exercise price of 565p per share. This was the final opportunity for the remaining warrant holders to exercise their subscription rights and all unexercised warrants have now lapsed. On 20 April, BlackRock received notification from Merrill Lynch that an amount of approximately £2m had been received from HMRC relating to VAT incorrectly levied on management fees for the period from 2001 to September 2006. This recovery was reflected in the Company's NAV as released to the market on 20 April 2009. Additional claims remain outstanding in respect of the recovery of VAT, including a claim against HMRC for payment of interest, but there is insufficient certainty relating to the outcomes to accrue further amounts in the net asset value at this time. The Board is not aware of any material events or transactions, except as disclosed herein, occurring between 31 March 2009 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Latest information is available by typing, www.blackrock.co.uk/its on the internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV terminal). Contact details: Caroline Driscoll Secretary Tel: 020 7743 2427 23 April 2009
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