AIFMD

BlackRock Frontiers Investment Trust plc

NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE
WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD")

2 July 2014

BlackRock Frontiers Investment Trust plc the ("Company") is pleased to announce
that with immediate effect the Company has entered into the arrangements
necessary to ensure compliance with the AIFMD.

Following a review of the Company's arrangements, the Company's board of
Directors ("the Board") approved the appointment of BlackRock Fund Managers Ltd
("BFM") as the Company's alternative investment fund manager (the "AIFM") on
the terms of and subject to the conditions of a new investment management
agreement between the Company and BFM. BFM was approved as an AIFM by the UK's
Financial Conduct Authority on 1 May 2014. The Company's existing investment
management agreement between the Company and BlackRock Investment Management
(UK) Limited ("BIMUK"), which is not authorised as an AIFM, has been
terminated. The arrangements in respect of the management fee and performance
fee remain unchanged.

The Board has also appointed BNY Mellon Trust & Depositary (UK) Limited (the
"Depositary") to act as the Company's depositary (as required by the AIFMD) on
the terms and subject to the conditions of a depositary agreement between the
Company, BFM and the Depositary.

BIMUK will continue to act as company secretary to the Company.

For enquiries please contact:

Simon White
Managing Director
Investment Companies

BlackRock Investment Management (UK) Limited

Tel: [phone]