Interim Management Statement

BLACKROCK WORLD MINING TRUST PLC Interim Management Statement - 3 months to 31 March 2011 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 January 2011 to 31 March 2011, 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. 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) 1.3% -3.6% 25.8% 104.4% Share Price 1.2% -2.7% 27.1% 96.4% HSBC Global Mining Index 2.3% -2.9% 18.6% 124.0% All performance figures are in sterling terms on a total return basis. Ten Largest Holdings at 31 March 2011 (in alphabetical order) BHP Billiton First Quantum Minerals Freeport McMoRan Glencore Finance (Europe) 5% 31/12/14 Impala Platinum Minas Buenaventura Rio Tinto Soc Min Cerro Verde Teck Resources Vale Financial position and performance as at 31 March 2011 Gross Assets (£m) £1,694.10 Short term borrowings (£m) £51.4 Undiluted Net Asset Values: Net asset value-Cum Income 926.94p Net asset value-Capital Only 925.27p Share Price 789.50p Ordinary Shares in Issue* 177,537,242 Gearing 3.0% Discount to NAV** 14.7% *excluding treasury shares **based on capital only NAV Material Events & Transactions The Board is not aware of any material events or transactions, except as disclosed herein, occurring between 31 March 2011 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Annual Report The Company announced its annual results for the year ended 31 December 2010 on 24 February 2011. Final Dividend A final dividend in respect of the year ended 31 December 2010 of 6.00p per ordinary share was recommended by the Directors. Shareholders approved the resolution in respect of the dividend at the Annual General Meeting on Wednesday, 4 May 2011, and the dividend will be payable on 11 May 2011 to shareholders on the register on 1 April 2011 (ex dividend dated 30 March 2011). Contact details: Caroline Driscoll Secretary Tel: 020 7743 2427 4 May 2011 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.
UK 100

Latest directors dealings