Blackrock World Mining Trust PLC — Net Asset Value 2015

Jun 1, 2015

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

PR Newswire

London, May 28

NET ASSET VALUEBLACKROCK WORLD MINING TRUST PLCThe unaudited net asset values for BlackRock World Mining Trust plc at closeof business on 29 May 2015 were:341.67p Capital only (undiluted)350.12p Including current year income (undiluted)Notes:1. As at 28 May 2015, the Trust held the 10% senior secured notes issued byBanro Corporation at a 10% discount to their last traded price. This discountreflected low trading activity in these listed notes. Following increasedliquidity in the notes and a recommendation from BlackRock's PricingCommittee, the discount on the 10% senior secured notes has been reduced tonil. This gives a valuation for the Trust's investment in Banro's 10% seniorsecured notes of £7.87m (previous valuation £6.66m), a cumulative impact tothe NAV of approximately 0.68 pence. As the senior secured notes continue totrade at a discount to par value, the discount of 15% on the valuation ofgold-linked preference shares issued by Banro Corporation remains unchanged,which reflects their unquoted status and a recommendation from BlackRock'sPricing Committee. As at 29 May 2015, the Trust's total exposure to BanroCorporation stands at 3.75% of the NAV, of which the gold-linked preferenceshares represent 2.44% and the senior secured notes represent 1.31%.2. 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.