Interim Management Statement

RNS Number : 0682X

Edinburgh Worldwide Inv Trust PLC

07 August 2009

EDINBURGH WORLDWIDE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 July 2009

Edinburgh Worldwide aims to achieve long term capital growth by investing in listed companies throughout the world. It tends to hold shares in around forty companies and income is not a consideration when selecting investments.

Review of the period

	Over the quarter, the Company's net asset value increased by 7.9% compared to an increase in the benchmark of 6.5% while the share price increased by 3.5%. All figures are total return.
	The interim dividend of 0.50p per share was paid on 23 July 2009 to shareholders on the register on 26 June 2009.
	Over the period, changes to the Top 20 Equity Holdings included: an addition to First Solar and a part sale of BYD. The investment in Zhejiang Expressway was sold and a part sale was made of Canon taking it out of the Top 20. Other changes to the Top 20 Equity Holdings were due to market movements. Outwith the Top 20, new investments were made in ALL America Latina Logistica, Tencent Holdings, Inspur International and the investment in Pool was sold.
	On 6 July 2009 the Company repaid the Royal Bank of Scotland multi-currency loan and drew down loans of Euro 7m, Yen 820m, US$ 9.1m and Swiss franc 10.5m (representing £22.5m at 31 July 2009) under a Lloyds TSB one year multi-currency loan facility.

Top Twenty Equity Holdings
Name	% of total assets at 31 July 2009	% of total assets at 30 April 2009	Name	% of total assets at 31 July 2009	% of total assets at 30 April 2009
Petrobras	6.8	6.4	ABB	2.5	2.3
Atlas Copco	5.6	5.2	First Solar	2.5	2.4
Amazon.com	4.6	5.0	BYD	2.5	1.7
Vale (CVRD)	3.6	3.4	China Mobile	2.4	2.3
Banco Santander	3.3	2.6	Novozymes	2.3	2.1
Google	3.1	3.3	Deere	2.3	2.5
Gazprom	3.1	3.1	L'Oreal	2.3	2.2
Sandvik	3.0	2.5	Porsche	2.2	2.9
Apple	2.9	2.6	Straumann	2.2	2.2
Nintendo	2.6	3.0	Iron Mountain	2.2	2.5
			Total	62.0	60.2

Total Return Performance

	%
	3 Months	1 Year	3 Years	5 Years
Share Price	3.5	-18.5	-8.4	56.2
NAV	7.9	-13.6	-0.7	48.1
Benchmark*	6.5	-5.1	-0.6	33.3

Source: Thomson Financial Datastream.

*Benchmark: MSCI All Countries World Index (in sterling terms).

Past performance is not a guide to future performance

General Information
	31 July 2009	30 April 2009
Share Price	187.50p	181.75p
Total assets (before deduction of borrowings)	£132.4m	£127.5m

Total borrowings	£22.5m	£24.3m
Equity shareholder's funds	£109.9m	£103.2m
Net asset value per share*	224.23p	210.66p
Discount	16.4%	13.7%
Potential Gearing	20.5%	23.5%
Actual Gearing	15.0%	20.0%