Dividend Exchange Rate Set

BlackRock Frontiers Investment Trust plc

Dividend Exchange Rate Set

The Board is pleased to announce that the exchange rate for the interim
dividend and special interim dividend previously announced on 30 May 2013 has
been set at 1.5652, which will make the GBP equivalent interim dividend payable
1.27779 pence per share (USD dividend 2.00 cents per share) and the GBP
equivalent special interim dividend payable 2.17224 pence per share (USD
dividend 3.40 cents per share). Both dividends are payable to shareholders on 
5 July 2013 (to shareholders on the register on 7 June 2013).

19 June 2013

Sarah Beynsberger - Company Secretary
Tel: [phone]