BRNS Blackrock New S

 
TIDMBRNE TIDMBRNS 
 
BLACKROCK NEW ENERGY INVESTMENT TRUST PLC 
 
Interim Management Statement - 3 months to 31 July 2013 
 
To the members of BlackRock New Energy Investment Trust plc 
 
This interim management statement has been produced solely to provide 
additional information to shareholders as a body to meet the relevant 
requirements of the UK Listing Authority's Disclosure and Transparency Rules. 
It should not be relied on by any other party for any other reason. 
 
This interim management statement relates to the period from 1 May 2013 to 
31 July 2013, and contains information that covers this period, and up to the 
date of publication of this interim management statement. 
 
The Company invests globally, and seeks to generate long term capital growth 
for its shareholders by investing in companies that have a significant focus on 
alternative energy or energy technology. The Company's portfolio is managed by 
Robin Batchelor and Poppy Allonby of BlackRock Investment Management (UK) 
Limited. 
 
At a General Meeting of the Company held on 25 July 2012 shareholders approved 
the removal of the requirement for an annual continuation vote and replaced it 
with the obligation for the Board to put forward proposals that shareholders be 
given the opportunity to elect to receive an amount per share in cash of NAV 
less applicable costs, shortly after the AGM in 2014. 
 
 
Financial position as at 31 July 2013 (unaudited) 
 
Gross assets (GBPm)                                                        105.79 
Short term borrowings (GBPm)                                                  Nil 
Net asset value per share (including income - undiluted)                 45.02p 
Net asset value per share (including income and diluted for 
subscription shares)                                                     45.02p 
Ordinary share price                                                     40.63p 
Subscription share price                                                 0.250p 
Ordinary shares in issue*                                           234,970,781 
Subscription shares in issue                                         45,629,030 
Actual gearing                                                              Nil 
Discount to NAV**                                                         9.75% 
 
* Excluding 11,900,000 ordinary shares held in treasury. 
** Based on Net Asset Value per share (including income and diluted for 
subscription shares). 
 
 
Performance 
 
Cumulative Performance (%): 
                                  One      Three        One     Three      Five 
                                Month     Months       Year     Years     Years 
Net asset value (undiluted)      5.9%       7.0%      29.7%     -2.0%    -33.9% 
Share price                      7.6%       7.6%      33.8%      6.0%    -39.0% 
 
 
Ten Largest Investments (in alphabetical order) 
 
Company                   Country of Risk 
ABB                       Switzerland 
EDP Renovaveis            Portugal 
ITC Holdings              USA 
Johnson Controls          USA 
Johnson Matthey           United Kingdom 
NextEra Energy            USA 
Novozymes                 Denmark 
Schneider Electric        France 
Scottish & Southern       United Kingdom 
Vestas Wind Systems       Denmark 
 
 
Material Events & Transactions 
 
Following the fifteenth opportunity for shareholders to convert their 
subscription shares, 374 subscription shares were converted into ordinary 
shares on 8 May 2013. 
 
There were no other material events or transactions during the three months to 
31 July 2013 nor was the Company involved in any material transactions during 
the period other than the purchase and sale of securities undertaken in the 
normal course of its business. 
 
Between 31 July 2013 and the date of publication of this interim management 
statement, the sixteenth opportunity for shareholders to convert their 
subscription shares took place, when 14,838 subscription shares were converted 
into ordinary shares on 7 August 2013. Following this conversion, there were 
234,985,619 ordinary shares (excluding shares held in treasury) and 45,614,192 
subscription shares in issue. 
 
Half Yearly Financial Report 
 
The Company announced its half yearly financial results for the six months 
ended 30 April 2013 on 25 June 2013. 
 
Net Asset Value 
 
The Company announces its NAV on a daily basis, which can be accessed via 
http://www.blackrock.co.uk/brne, under the "Announcements" tab. 
 
The unaudited net asset value for BlackRock New Energy Investment Trust plc at 
close of business on 28 August 2013 was: 
 
Capital only:     43.04p 
Including income: 43.41p 
 
The Board is not aware of any other material events or transactions occurring 
between 31 July 2013 and the date of publication of this interim management 
statement which would have a material impact on the financial position of the 
Company. 
 
Contact details: 
Barbara Powley 
Company Secretary 
Tel: 020 7743 5610 
 
30 August 2013 
 
ENDS 
 
Please note that more detailed performance information is available on the 
Investment Manager's website: www.blackrock.co.uk/brne. Neither the contents of 
the Manager's website nor the contents of any website accessible from 
hyperlinks on the Manager's website (or any other website) is incorporated 
into, or forms part of, this announcement. 
 

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