Blackrock World Mining Trust PLC — AGM Information 2011

May 4, 2011

BlackRock World Mining Trust plc No. 2868209

THE COMPANIES ACT 2006

PUBLIC COMPANY LIMITED BY SHARES

ORDINARY AND SPECIAL RESOLUTIONS

of

BLACKROCK WORLD MINING TRUST plc

Passed 4 May 2011

At the Annual General Meeting of the Company held on Wednesday 4 May 2011, the following two ORDINARY and two SPECIAL resolutions of the Company were duly passed under Special Business:

ORDINARY RESOLUTIONS

• 1. "That the Company shall continue in being as an investment trust.
• 1. "That, in substitution for all existing authorities, the Directors of the Company be and they are hereby generally and unconditionally authorised pursuant to section 551 of the Companies Act 2006 (the "Act"), to exercise all the powers of the Company to allot relevant securities (as defined in that section) up to an aggregate nominal amount of £482,529 (being 5% of the aggregate nominal amount of the issued share capital of the Company at the date of this notice) provided this authority shall expire at the conclusion of the next Annual General Meeting to be held in 2012 but so that the Company may, before such expiry, make any offer or agreement which would or might require relevant securities to be allotted pursuant to any such offer or agreement as if the authority hereby conferred had not expired.

SPECIAL RESOLUTIONS

• 1. "That, in substitution for all existing authorities and subject to the passing of resolution numbered 10 above, the Directors of the Company be and are hereby empowered pursuant to sections 570 and 573 of the Companies Act 2006 (the "Act") to allot equity securities (as defined in section 560 of the Act), and to sell equity securities held by the Company as treasury shares (as defined in section 724 of the Act) for cash pursuant to the authority granted by the resolution numbered 10 above, as if section 561(1) of the Act did not apply to any such allotments and sales of equity securities, provided that this power:

• (a) shall expire at the conclusion of the next Annual General Meeting of the Company in 2012, except that the Company may before such expiry make offers or agreements which would or might require equity securities to be allotted or sold after such expiry and notwithstanding such expiry the Directors may allot and sell equity securities in pursuance of such offers or agreements;

• (b) shall be limited to the allotment of equity securities and/or the sale of equity securities held in treasury for cash up to an aggregate nominal amount of £482,529 (representing 5% of the aggregate nominal amount of the issued share capital of the Company at the date of this notice); and

• (c) shall be limited to the allotment of equity securities at a price of not less than the net asset value per share.
• 1. "That, in substitution for the Company's existing authority to make market purchases of ordinary shares of 5p in the Company ("Shares"), the Company be and it is hereby authorised in accordance with section 701 of the Companies Act 2006 (the "Act") to make market purchases of Shares (within the meaning of section 693 of the Act) provided that:
• (a) the maximum number of Shares hereby authorised to be purchased is 28,932,475 (being the equivalent of 14.99% of the Company's issued share capital at the date of this notice);
• (b) the minimum price (exclusive of expenses) which may be paid for a Share shall be 5p, being the nominal value per ordinary share;
• (c) the maximum price (exclusive of expenses) which may be paid for a Share shall be the higher of (i) 5% above the average of the market values of the Shares for the five business days immediately preceding the date of the purchase as derived from the Daily Official List of the London Stock Exchange and (ii) the higher of the price quoted for (a) the last independent trade of, and (b) the highest current independent bid for, any number of Shares on the trading venue where the purchase is carried out; and
• (d) unless renewed, the authority hereby conferred shall expire at the conclusion of the next Annual General Meeting of the Company in 2012 save that the Company may, prior to such expiry, enter into a contract to purchase Shares which will or may be completed or executed wholly or partly after such expiry.
• All Shares purchased pursuant to the above authority shall be either:
• (a) held, sold, transferred or otherwise dealt with as treasury shares in accordance with the provisions of the Act; or
• (b) cancelled immediately upon completion of the purchase.

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C Driscoll for BlackRock Investment Management (UK) Limited Secretary

BRWMT/general/AGM 2011/AGM Extracts 040511 Special Resolutions.doc $CD/mh$