Interim Management Statement

WORLDWIDE HEALTHCARE TRUST PLC (formerly FINSBURY WORLDWIDE PHARMACEUTICAL TRUST PLC) Interim Management Statement - 3 months to 30 June 2010 (unaudited) Worldwide Healthcare Trust PLC invests worldwide in pharmaceutical, biotechnology and related companies in the healthcare sector with the objective of achieving a high level of capital growth. The 3 month period ended 30 June 2010 was a challenging one for the Company due in part to mixed performance from large pharmaceutical companies such as Novartis, which performed well following positive newsflow regarding its treatment for multiple sclerosis, and Pfizer whose performance lagged due, in part, to the unexpected stoppage of an experimental osteoarthritis drug in late stage development. Over the three-month period, the Company's fully diluted net asset value per share fell by 5.6% and the share price by 7.7%, compared to a fall of 8.6% in the Company's benchmark, the DataStream World Pharmaceutical and Biotechnology Index measured in sterling terms on a total return basis. During this period a total of 1,637,733 shares were repurchased to be held in treasury at a cost of £10.9m (including expenses). Since the period end, to 4 August 2010, no shares have been repurchased by the Company. On 27 July 2010 the Company cancelled all of the 7,877,149 shares held in treasury. There are currently no shares held in treasury. Also, during the three month period and up to 4 August 2010, a total of 686,893 new shares were issued, raising £4.2m of additional funds for the Company, as a result of holders of subscription shares exercising their subscription rights. In the period from 30 June 2010 to 4 August 2010, the Company's fully diluted net asset value per share rose by 1.3% and the share price fell by 0.3% compared to a fall of 1.1% in the Company's benchmark. At the Company's Annual General Meeting, held on 15 July 2010, all of the resolutions were passed. These included resolutions to amend the Company's investment policy to that of a broader healthcare sector remit, a change to its benchmark and also to change the Company's name. The Company paid an increased interim dividend of 8.5p per share (2009: 5.0p per share) on 26 July 2010. Trust Characteristics 30 June 2010 31 March 2010 Number of holdings 44 44 Net assets (£m) 307.5 341.9 Net yield 1.3% 0.7% Gearing (AIC basis) 107 111 Share price (p) 639.00 701.50 NAV (p) -undiluted 715.42 771.27 NAV (p) diluted: sub shares 698.33 744.75 NAV (p) - fully diluted for 690.48 740.22 sub shares and treasury shares (Discount)/premium (10.7%) (9.0%) (undiluted) (Discount/premium(diluted - (8.5%) (5.8%) sub shares) (Discount)/premium (fully (7.5%) (5.2%) diluted) Subscription share price 64.00 98.00 (p) Source: Frostrow Capital LLP 10 Largest Investments Name % of % of portfolio portfolio at 30 June 2010 at 31 March 2010 Novartis 8.3 5.0 Johnson & Johnson 7.3 6.9 Pfizer 7.2 5.1 Merck 7.1 4.8 Roche 6.9 6.9 Bristol-Myers Squibb 5.1 4.7 Amgen 2.9 2.8 Sawai Pharmaceutical 2.6 2.1 Hospira 2.5 2.1 Genzyme 2.5 2.8 52.4 43.2 Source: Frostrow Capital LLP Sector Analysis % of % of portfolio portfolio at 30 June 2010 at 31 March 2010 Large capitalisation 74.8 65.8 Small capitalisation 25.2 34.2 Total 100.0 100.0 Source: Frostrow Capital LLP Geographical Analysis % of % of portfolio portfolio at 30 June 2010 at 31 March 2010 North America 63.3 71.0 Europe 25.9 17.9 Israel 0.0 2.8 Far East 10.8 8.3 Total 100.0 100.0 Source: Frostrow Capital LLP Total Return Performance 3 Months 1 Year 3 Years 5 Years Share price -7.7% +22.6% +35.4% +42.1% NAV Fully -5.6% +24.7% +36.6% +54.0% diluted Benchmark* -8.6% +20.4% +22.6% +35.1% Source: NAV (total return; fully diluted) and Share Price (total return) Morningstar. Benchmark - Thomson Reuters * Benchmark - Datastream World Pharmaceutical and Biotechnology Index measured in sterling terms on a total return basis. Past performance is not a guide to future performance. This Interim Management Statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules. This Interim Management Statement is available on the Company's website www.worldwidewh.com. The Company's net asset value per share is announced daily and is available, together with the share price, on the TrustNet website at www.trustnet.com SEDOL Codes: Shares - 0338530 Subscription Shares - B3VMCB0 ISIN - Shares - GB0003385308 Subscription Shares - GB00B3VMCB07 For further information contact: Mark Pope on 0203 008 4913 Frostrow Capital LLP Company Secretary 6 August 2010 ND
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