Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): BlackRock Frontiers Investment Trust (2). Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights: ( x ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( ) (3). Full name of person(s) subject to the notification obligation (iii): Legal & General Group Plc (L&G) (4). Full name of shareholder(s) (if different from 3.) (iv): n/a (5). Date of the transaction and date on which the threshold is crossed or reached (v): 16 May 2013 (6). Date on which issuer notified: 20 May 2013 (received after close of business) (7). Threshold(s) that is/are crossed or reached: L&G (Above 3%) (8). Notified details: A: Voting rights attached to shares (viii, ix) Class/type of shares (if possible using the ISIN code): Ordinary Shares GBP 0.01 Situation previous to the triggering transaction: Number of Shares: Below 3% (As at 18.02.13) Number of Voting rights: Below 3% (As at 18.02.13) Resulting situation after the triggering transaction: Number of shares: 2,894,454 Direct: Number of voting rights: Direct (xi): 2,894,454 Indirect (xii): % of voting rights (x): Direct: 3.05% Indirect: B. Qualifying Financial Instruments Resulting situation after the triggering transaction: Type of financial instrument: Expiration date (xiii): Exercise/Conversion Period (xiv): Number of voting rights that may be acquired if the instrument is exercised/ converted: % of voting rights: C. Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction: Type of financial instrument: Exercise price: Expiration date (xvii): Exercise/Conversion period (xviii): Number of voting rights instrument refers to: % of voting rights (xix, xx): Nominal: Delta: Total (A + B + C): Number of voting rights: 2,894,454 % of voting rights: 3.05% (9). Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xxi): Legal & General Group Plc (Direct and Indirect) (Group) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) Legal & General Investment Management Limited (Indirect) (LGIM) Legal & General Group Plc (Direct) (L&G) ( 2,894,454 - 3.05%= LGAS, LGPL & PMC) Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) Legal & General Insurance Holdings Limited (Direct) (LGIH) Legal & General Assurance (Pensions Management) Limited (PMC) Legal & General Assurance Society Limited (LGAS & LGPL) Legal & General Pensions Limited (Direct) (LGPL) Proxy Voting: (10). Name of the proxy holder: N/A (11). Number of voting rights proxy holder will cease to hold: N/A (12). Date on which proxy holder will cease to hold voting rights: N/A (13). Additional information: Notification using the total voting rights figure of 94,766,267 (14). Contact name: Mrs Sarah Beynsberger For BlackRock Investment Management (UK) Limited Company Secretary (15). Contact telephone number: 020 7743 2639 21 May 2013
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