Blackrock World Mining Trust PLC — Earnings Release 2014

Oct 10, 2014

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BLACKROCK WORLD MINING TRUST PLC - Statement re Update on Revenue Position

PR Newswire

London, October 10

BlackRock World Mining Trust plcUpdate on revenue positionFurther to the announcement made on 8 October 2014 regarding the write down ofthe London Mining royalty contract and convertible bond, the Board has nowassessed the expected impact of these holdings on its anticipated income forthe year ending 31 December 2014.The information below should not be interpreted as a profit forecast.Based on the latest information and exchange rates available the revenue returnper ordinary share for the year ending 31 December 2014 is expected to be inthe region of 19.6 pence per share. This estimate is based on having receivedin cash from London Mining, in the year to date, £0.5m in respect of theroyalty contract and £1.3m in interest on the convertible bond and with anexpectation of receiving nothing further from London Mining to contributetowards this year's revenue return.In addition the Company and its subsidiary have revenue reserves broughtforward of 14.5 pence per share (after provision for the 2013 final dividend of14 pence per share). This gives a projected total revenue reserve at 31December 2014 of 27.1 pence per share, after provision for the 2014 interimdividend of 7 pence per share. The Board expects that, in the absence ofunforeseen circumstances and by utilising part of the brought forward revenuereserves if necessary, it will recommend a final dividend for the year ending31 December 2014 of 14p per share, thereby maintaining the same rate ofdividend for 2014 as was paid for 2013.It is expected that the announcement of the final dividend for the year ending31 December 2014 will be made in March 2015 at the time of the publication ofthe Company's annual results.Enquiries:Evy Hambro 0207 743 4511Jonathan Ruck Keene 0207 743 2178