Interim Management Statement

BLACKROCK WORLD MINING TRUST PLC Interim Management Statement - 3 months to 31 March 2013 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 2013 to 31 March 2013, 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) -6.7% -9.0% -16.9% -14.7% Share Price -7.2% -8.4% -19.1% -13.4% HSBC Global Mining Index -5.8% -6.7% -10.8% -5.3% All performance figures are in sterling terms on a total return basis. Ten Largest Holdings at 31 March 2013 Company % Total Assets Rio Tinto 10.8 BHP Billiton 9.9 Glencore International 6.2 London Mining Marampa Contract 6.0 Freeport McMoRan 4.7 First Quantum Minerals 4.2 Xstrata 4.1 Industrias Penoles 3.7 Inmet Mining 3.6 Vale 3.4 Financial position and performance as at 31 March 2013 Gross Assets (£m) £1,205.14 Short term borrowings (£m) £119.86 Undiluted Net Asset Values: Net asset value-Cum Income 612.16p Net asset value-Capital Only 606.69p Share Price 524.00p Ordinary Shares in Issue* 177,287,242 Gearing 11.0% Discount to NAV** 14.4% *excluding treasury shares **including current period income Material Events & Transactions The Board is not aware of any material events or transactions, except as disclosed herein, occurring between 31 March 2013 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 2012 on 19 February 2013. Annual General Meeting At the Company's Annual General Meeting held on Thursday, 25 April 2013, the Board announced that all resolutions put to shareholders were passed on a vote on a show of hands. Final Dividend A final dividend in respect of the year ended 31 December 2012 of 14.00p per ordinary share was recommended by the Directors. Shareholders approved the resolution in respect of the dividend at the Annual General Meeting held on Thursday, 25 April 2013, and the dividend will be paid on 2 May 2013 to shareholders on the register on 8 March 2013 (ex dividend dated 6 March 2013). Contact details: Caroline Driscoll Secretary Tel: 020 7743 2427 1 May 2013 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 nor 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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