NET ASSET VALUE
BLACKROCK NEW ENERGY INVESTMENT TRUST PLC
The unaudited net asset value for BlackRock New Energy Investment Trust plc at
close of business on 11 November 2009 was:
50.95p Capital (Pre Performance Fee)
50.95p Capital (Post Performance Fee)
51.18p Including income (Pre Performance Fee)
51.18p Including income (Post Performance Fee)
50.15p Capital (Pre Performance Fee) - diluted for subscription shares
50.15p Capital (Post Performance Fee) - diluted for subscription shares
50.33p Including income (Pre Performance Fee) - diluted for subscription shares
50.33p Including income (Post Performance Fee) - diluted for subscription
shares
Notes:
1. Under the investment management agreement dated 14 December 2006, a
performance fee is payable based on outperformance of the Company's benchmark
index if the Company's NAV reaches a high watermark of 55.58p. In
accordance with the AIC statement of Recommended Practice, the above NAV
includes any relevant performance fee provisions to the extent that the high
watermark has been attained. The NAV prior to the calculation of any
performance fee accruals, for the purposes of calculating the highwatermark,
amounted to: 50.95p (capital only); 51.18p (including income); 50.15p (capital only
diluted); 50.33p (incl. income diluted).
3. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.
4. Following the conversion of 1,006,654 subscription shares into ordinary
shares on 5 November 2009, the number of ordinary shares now in issue totals
244,756,654. The number of subscription shares now in issue totals 47,743,157.
5. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the BlackRock managed
Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).
END
