Title: PowerPoint Presentation URL Source: https://documentscdn.financialexpress.net/Literature/445883E026B581AD6C6E4FE391BA1672/242561739.pdf Number of Pages: 6 Markdown Content: BlackRock World Mining Trust plc # April 2026 # Company objective The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company may invest in unquoted investments, royalties derived from the production of metals and minerals as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments. # Key risk factors Capital at risk The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. The Company can invest in economies and markets which may be less developed and this carries a greater risk of volatility and more uncertainty around how these markets operate, compared to more established economies. BlackRock World Mining Trust plc invests in mining shares which typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities. Overseas investments will be affected by currency exchange rate fluctuations. The Company may from time to time utilise gearing. A fuller definition of gearing is given in the glossary. The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. > 1 Includes net revenue of 8.10p. > 2 Discount to NAV including income. > 3 Based on the first interim dividend of 5.50p per share declared on 21 May 2025 with ex date 29 May 2025 and pay date 27 June 2025, second interim dividend of 5.50p per share declared on 3 September 2025 with ex date 11 September 2025 and pay date 3 October 2025, third interim dividend of 5.50p per share declared on 19 November 2025 with ex date 27 November 2025 and pay date 19 December 2025 and final dividend of 7.50p per share declared on 17 March 2026 with ex date 26 March and pay date 29 May 2026, in respect of the year ended 31 December 2025. > 4 The Company’s ongoing charges are calculated as a percentage of average daily net assets and using the management fee and all other operating expenses, excluding finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain other non-recurring items for the year ended 31 December 2024. > 5 The Company’s ongoing charges are calculated as a percentage of average daily gross assets and using the management fee and all other operating expenses, excluding finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain other non-recurring items for the year ended 31 December 2025. blackrock.com/ uk /brwm Fund information (as at 30/04/26) Net asset value including income: 1 961.90p Net asset value capital only: 953.80p Share price: 925.00p Discount to NAV: 2 3.8% Total assets: £1,940.0m Net yield: 3 2.6% Net gearing: 5.1% Ordinary shares in issue: 186,379,036 Ordinary shares held in treasury: 6,632,806 Ongoing charges: 4 1.05% Ongoing charges: 5 0.95% The information contained in this release was correct as at 30 April 2026. Information on the Company’s up to date net asset values can be found on the London Stock Exchange website at: https://www.londonstockexchange.com/exchange/news/market -news/market - news -home.html Awards Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy . RET0526-5492577-EXP0527-1/6 Annual performance to the last quarter end (as at 31 March 2026) Country allocations (as at 30/04/2026) % total assets Global 61.5 United States 8.1 Canada 7.6 Latin America 6.7 Australasia 5.7 South Africa 5.0 China 1.7 Other Africa 1.5 Indonesia 0.4 Romania 0.1 Net Current Assets 1.7 Total 100.0 Allocations in these tables are as at the date shown and do not necessarily represent current or future portfolio holdings. > 1 Reference index: MSCI ACWI Metals & Mining 30% Buffer 10/40 Index (Net total return) Sources: BlackRock, MSCI ACWI Metals & Mining 30% Buffer 10/40 Index and Datastream. Cumulative performance (as at 30/04/2026) > 1 Reference index The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. The above Net Asset Value (NAV) performance statistics are based on a NAV including income, with any dividends reinvested on the ex-dividend date, net of ongoing charges and any applicable performance fee. Share price performance figures are calculated on a mid market basis in sterling terms with income reinvested on the ex-dividend date. The performance of the Company’s portfolio, or NAV performance, is not the same as share price performance and shareholders may not realise returns which are the same as NAV performance. The latest performance data can be found on our website: www.blackrock.com/uk/brwm A full disclosure of portfolio investments for the Company as at 31 December 2025 has been made available on the Company’s website at the link given below: https://www.blackrock.com/uk/individual/literature/policies/bwmt -portfolio -disclosure.pdf NMPI status The Company currently conducts its affairs so that its securities can be recommended by Independent Financial Advisers to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to Non-Mainstream Pooled Investments (NMPI) and intends to continue to do so for the foreseeable future. The securities are excluded from the FCA’s restrictions which apply to non-mainstream pooled investments because they are shares in an investment trust. Sterling 31/03 /25 31/03 /26 % 31/03 /24 31/03 /25 % 31 /03 /23 31/03 /24 % 31/03 /22 31/03 /23 % 31/03 /21 31/03 /22 % Net asset value 87.8 -3.7 -9.4 -8.4 44.5 Share price 92.6 -4.1 -17.8 -4.9 38.4 Reference index 1 68.2 -2.7 -0.3 -6.6 31.7 Sterling 1M% 3M% 1Y% 3Y% 5Y% Net asset value 1.0 0.2 93.0 71.9 101.2 Share price 5.0 2.0 107.2 63.2 90.7 MSCI ACWI Metals & Mining 30% Buffer 10/40 Index (Net total return) 1 1.4 -0.6 74.4 70.0% 87.0 Asset allocation (as at 30/04/2026) % total assets Equity 97.5 Preferred Stock 0.8 Net Current Assets 1.7 Total 100.0 > RET0526-5492577-EXP0527-2/6 Comments from the portfolio managers Please note that the commentary below includes historic information in respect of performance data in respect of portfolio investments, index performance data and the Company’s NAV performance. The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results . Markets: Mining equities lagged broader equity markets in April, as weaker precious metals performance and shifting macro sentiment offset support from still resilient fundamentals in other parts of the commodities complex. Gold was volatile over the month, but finished fairly flat overall. Bullion began April near US$4,750/oz and traded in a wide range between US$4,525/oz and US$4,870/oz. Early weakness was driven by escalation in the U.S.–Iran conflict, before prices rebounded on renewed ceasefire developments. Softer than expected U.S. inflation data also provided mid month support by reinforcing expectations for potential rate cuts. However, sentiment weakened again into month end as higher oil prices raised inflation concerns, the U.S. dollar strengthened, and the Federal Reserve kept rates unchanged. Meanwhile, copper rose by 5.3% to US$12,911 per tonne, despite ongoing economic growth concerns from inflationary pressures. Prices were supported by inventory draws in China and persistent supply tightness. Nickel also stood out, rising by 14.0% over the month following meaningful supply curtailments in Indonesia. Exposure remains limited, however, given the smaller scale and lower quality of many available pure-play companies. Lithium, uranium and coal also performed strongly, as tight energy markets continued to underpin sentiment. Bulk commodities posted modest gains, with iron ore (62% Fe) rising by 1.2% to US$107 per tonne. The move was supported by improving sentiment around China’s steel sector, as industrial activity expanded and the Caixin Manufacturing PMI rose from 50.8 in March to 52.2 in April. Turning to companies, April also saw the release of first quarter earnings results, which highlighted growing cost pressures across the sector. Outlook: Our outlook for the mining sector remains constructive, particularly relative to broader equity markets. A more fragmented geopolitical world order increases the need for diversification and reinforces the strategic importance of mined commodities. Governments are increasingly weaponising commodities and prioritising supply security, particularly in critical minerals, which is driving greater investment across the value chain and encouraging the reshoring of refining and processing capacity. At the same time, accelerating hyperscaler spending on AI infrastructure, alongside electrification, grid expansion and the broader energy transition, is driving demand for both power and materials. Copper sits at the centre of this theme, given its critical role in electrification and power intensive infrastructure. We are also positive on aluminium, where recent conflict related disruptions and export restrictions have further tightened supply. More broadly, the AI revolution supports the H.A.L.O. trade (Heavy Asset, Low Obsolescence) which involves capital rotating towards companies pairing long life heavy assets with limited obsolescence risk. We would expect the H.A.L.O. trade to re-emerge once the U.S.-Israel conflict with Iran stabilises. Supply remains constrained across many mined commodities following years of underinvestment, permitting challenges, operational disruptions and long lead times for new projects. Mining companies generally remain focused on capital discipline, prioritising cost control, free cash flow generation and shareholder returns over aggressive production growth. All data points are in USD terms unless stated otherwise. Unless otherwise stated all data is sourced from BlackRock as at 30 April 2026. Any opinions, forecasts represent an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research, investment advice or a recommendation. The latest performance data can be found on the BlackRock website at blackrock.com/ uk /brwm . > RET0526-5492577-EXP0527-3/6 Key company details Fund characteristics: Launch date December 1993 Dealing currency Sterling Association of Investment Companies sector (AIC) Commodities and Natural Resources Reference index MSCI ACWI Metals and Mining 30% Buffer 10/40 Index Traded London Stock Exchange Management Alternative Investment Fund Manager (with effect from 2 July 2014) BlackRock Fund Managers Limited Portfolio managers Evy Hambro & Olivia Markham Annual management fee 0.80% of the Company’s gross assets (included in the ongoing charges ratio) Fund codes: ISIN GB0005774855 Sedol 0577485 Bloomberg BRWM:LN Reuters BRWM.L Ticker BRWM/LON Financial calendar: Year end 31 December Results announced August (half yearly) February (final) Annual General Meeting April/May Dividends paid May/June/September/ December (quarterly) Company % of total assets Rio Tinto 7.3 Glencore 7.2 Vale: Equity 4.1 Debenture 2.3 Agnico Eagle Mines 5.0 BHP 5.0 Barrick Mining 4.4 Newmont 4.4 Wheaton Precious Metals 3.7 Nucor 3.3 AngloGold Ashanti Plc 3.3 Sector allocation (as at 30/04/2026) % of total assets Gold 34.6 Diversified 29.5 Copper 14.1 Steel 7.4 Aluminium 3.0 Industrial Minerals 2.9 Platinum Group Metals 2.9 Uranium 1.1 Mining 0.9 Zinc 0.8 Silver 0.7 Nickel 0.4 Net Current Assets 1.7 Gold 34.6 Total 100.0 Risk: The specific companies identified and described above do not represent all of the companies purchased or sold, and no assumptions should be made that the companies identified and discussed were or will be profitable. Allocations are as at the date shown and do not necessarily represent current or future portfolio holdings. Ten largest investments (as at 30/04/2026) > RET0526-5492577-EXP0527-4/6 Glossary of Terms Actively managed The portfolio is managed with the aim of outperforming an index rather than replicating its returns. Discount/Premium Investment trust shares frequently trade at a discount or premium to NAV. This occurs when the share price is less than (a discount) or more than (a premium) to the NAV. The discount or premium is the difference between the share price (based on mid-market share prices) and the NAV, expressed as a percentage of the NAV. Discounts and premiums are mainly the consequence of supply and demand for the shares on the stock market. Diversified investment An investment in which risks are spread out and not overly concentrated. Gearing Investment companies can borrow to purchase additional investments. This is called ‘gearing’. It allows investment companies to take advantage of a long-term view on a sector or to take advantage of a favourable situation or a particularly attractive stock without having to sell existing investments. Gearing works by magnifying the company’s performance. If a company ‘gears up’ and then markets rise and the returns on the investments outstrip the costs of borrowing, the overall returns to investors will be even greater. But if markets fall and the performance of the assets in the portfolio is poor, then losses suffered by the investor will also be magnified. Net yield The net yield is calculated using total dividends declared in the last 12 months (as at date of this factsheet) as a percentage of month end share price. NAV (Net Asset Value) A company’s undiluted NAV is its available shareholders’ funds divided by the number of shares in issue (excluding treasury shares), before making any adjustment for any potentially dilutive securities which the Company may have in issue, such as subscription shares, convertible bonds or treasury shares. on a particular date. A diluted NAV is calculated on the assumption that holders of any convertibles have converted, subscription shares have been exercised and treasury shares are re-issued at the mid-market price, to the extent that the NAV per share is higher than the price of each of these shares or securities and that they are 'in the money'. The aim is to ensure that shareholders have a full understanding of the potential impact on the Company’s NAV if these instruments had been exercised. Ongoing charges ratio Ongoing charges (%) = Annualised ongoing charges Average undiluted net asset value in the period Ongoing charges are those expenses of a type which are likely to recur in the foreseeable future, whether charged to capital or revenue, and which relate to the operation of the investment company as a collective fund, excluding the costs of acquisition/disposal of investments, financing charges and gains/losses arising on investments. Ongoing charges are based on costs incurred in the year as being the best estimate of future costs and include the annual management fee. Physical metals Metals such as copper, zinc and nickel. Quoted securities Securities that trade on an exchange for which there is a publicly quoted price. Royalties Contracts that involve one party giving capital (funding) to a mining company in return for a percentage share of the revenues from one or more of the company’s assets. Total returns The total return is the sum of the capital appreciation return and the dividend return. Unquoted investments Financial securities that do not trade on an exchange for which there is not a publicly quoted price . ## Want to know more? blackrock.com/uk/brwm | Tel: 0207 743 3000 | cosec@blackrock.com > RET0526-5492577-EXP0527-5/6 Risk Warnings Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time. Trust Specific Risks Counterparty Risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Derivative Risk general (derivatives, options, covered calls). The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk. Emerging markets. Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore, the value of these investments may be unpredictable and subject to greater variation . Exchange rate risk. The return of your investment may increase or decrease as a result of currency fluctuations. Gearing risk. Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall . Gold / mining. Mining shares typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities . Important Information Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel: + 44 (0)20 7743 3000. Registered in England and Wales No. 2020394. For your protection telephone calls are usually recorded. BlackRock is a trading name of BlackRock Investment Management (UK) Limited. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock. This document is marketing material. The Company is managed by BlackRock Fund Managers Limited (BFM) as the AIFM. BFM has delegated certain investment management and other ancillary services to BlackRock Investment Management (UK) Limited. The Company’s shares are traded on the London Stock Exchange and dealing may only be through a member of the Exchange. The Company will not invest more than 15% of its gross assets in other listed investment trusts. SEDOL is a trademark of the London Stock Exchange plc and is used under licence. Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance. BlackRock World Mining Trust plc currently conducts its affairs so that its securities can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The securities are excluded from the Financial Conduct Authority’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust. Investors should understand all characteristics of the funds objective before investing. For information on investor rights and how to raise complaints please go to https://www.blackrock.com/corporate/compliance/investor -right available in local language in registered jurisdictions. BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. To ensure you understand whether our product is suitable, please read the fund specific risks in the Key Investor Document (KID) which gives more information about the risk profile of the investment. The KID and other documentation are available on the relevant product pages at www.blackrock.co.uk/its .We recommend you seek independent professional advice prior to investing. Any research in this document has been procured and may have been acted on by BlackRock for its own purpose. The results of such research are being made available only incidentally. The views expressed do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of any company in the BlackRock Group or any part thereof and no assurances are made as to their accuracy. This document is for information purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock funds and has not been prepared in connection with any such offer. This document is marketing material and will expire 12 months after issue. © 2026 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, and iSHARES are trademarks of BlackRock, Inc. or its affiliates All other trademarks are those of their respective owners.