Blackrock World Mining Trust PLC — Net Asset Value 2014

Oct 8, 2014

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BLACKROCK WORLD MINING TRUST PLC - Net Asset Value(s)

PR Newswire

London, October 7

NET ASSET VALUEBLACKROCK WORLD MINING TRUST PLCThe unaudited net asset values for BlackRock World Mining Trust plc at close ofbusiness on 7 October 2014 were:389.62p Capital only (undiluted)399.96p including current year income (undiluted)Notes:1. London Mining issued today an update on its financial position stating thatthey believe there to be little or no value remaining in the listed securitiesand highlighting the uncertainties surrounding the future of its Marampa mine.The Board has therefore concluded that the most prudent approach is to valuethe Company's holdings in the London Mining Marampa royalty contract andconvertible bond at nil (previously valued at £47.8m and £4.6m respectively,including accrued income) and to recognise income on the royalty contract andthe convertible bond only to the extent that it has already been received. TheBoard will make a further announcement on the carrying value of these holdingsif the position changes2. Revenue items included in net asset value, with dividends payable deductedon the ex-dividend date.3. The undiluted net asset value per share has been calculated on 177,287,242ordinary shares excluding 15,724,600 held in treasury.4. For the latest daily net asset value, previous month end performancestatistics, asset allocation and ten largest holdings of the BlackRock managedInvestment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).5. Investments have been valued on a bid price basis.