Interim Management Statement

BLACKROCK WORLD MINING TRUST PLC Interim Management Statement - 3 months to 30 September 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 July 2011 to 30 September 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) -19.7% -24.5% -8.8% 62.8% Share Price -15.0% -20.4% -3.0% 62.6% HSBC Global Mining Index -15.5% -21.3% -10.6% 81.4% All performance figures are in sterling terms on a total return basis. Ten Largest Holdings at 30 September 2011 Company % Total Assets Rio Tinto 8.5 BHP Billiton 6.5 Vale 6.5 Glencore Finance (Europe) 5% 31/12/14 6.4 Minas Buenaventura 5.8 Fresnillo 4.9 Teck Resources 3.4 Iluka Resources 3.3 Freeport McMoRan 3.2 First Quantum Minerals 3.0 Financial position and performance as at 30 September 2011 Gross Assets (£m) £1,303.13 Short term borrowings (£m) £75.3 Undiluted Net Asset Values: Net asset value-Cum Income 692.58p Net asset value-Capital Only 681.78p Share Price 602.50p Ordinary Shares in Issue* 177,287,242 Gearing 5.8% Discount to NAV** 11.6% *excluding treasury shares **based on capital only NAV Material Events & Transactions During the period, 250,000 shares were bought back and placed in treasury. The Board is not aware of any material events or transactions, except as disclosed herein, occurring between 30 September 2011 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Half Yearly Financial Report The Company announced its half yearly financial results for the six months ended 30 June 2011 on 10 August 2011. Contact details: Caroline Driscoll Secretary Tel: 020 7743 2427 9 November 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.
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