Interim Management Statement

BLACKROCK WORLD MINING TRUST PLC Interim Management Statement - 3 months to 31 March 2010 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 2010 to 31 March 2010, 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 is 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 Evy Hambro of BlackRock Investment Management (UK) Limited. Stock Performance Cumulative Performance: One Three One Five Month Months Year Years Net Asset Value (undiluted) 11.0% 12.0% 95.4% 195.2% Share Price 14.1% 13.8% 90.3% 192.7% HSBC Global Mining Index 10.7% 11.0% 86.9% 225.5% All performance figures are in sterling terms on a total return basis. Ten Largest Equity Holdings at 31 March 2010 (in alphabetical order) BHP Billiton First Quantum Minerals Freeport McMoRan Fresnillo Glencore Finance (Europe) 5% 31/12/14 Impala Platinum Minas Buenaventura Rio Tinto Teck Resources Vale Financial position and performance as at 31 March 2010 Gross Assets (£m) £1,350.05 Short term borrowings (£m) £40.7 Undiluted Net Asset Values: Net asset value-Cum Income 736.56p Net asset value-Capital Only 736.09p Share Price 621.00p Ordinary Shares in Issue* 177,762,242 Gearing 3.0% Discount to NAV** 15.6% * 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 2010 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). Annual Report The Company announced its annual results for the year ended 31 December 2009 on 19 February 2010. Final Dividend A final dividend in respect of the year ended 31 December 2009 of 4.75p per ordinary share was recommended by the Directors. Subject to shareholder approval at the forthcoming Annual General Meeting on Wednesday, 21 April 2010, the dividend will be payable on 28 April 2010 to shareholders on the register on 19 March 2010 (ex dividend dated 17 March 2010). Contact details: Caroline Driscoll Secretary Tel: 020 7743 2427 21 April 2010
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