Holding(s) in Company

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 plc.

(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 qualifying 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):

BlackRock Investment Management (UK) Limited

(4). Full name of shareholder(s) (if different from 3.) (iv):

Nutraco Nominees Limited (on behalf of the BlackRock Savings Plan & ISA)

(5). Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):

Not notified

(6). Date on which issuer notified:

Not notified

(7). Threshold(s) that is/are crossed or reached:

n/a

(8). Notified details:

A: Voting rights attached to shares (viii) (ix)

Situation previous to the triggering transaction(vi):
Number of Shares: 539,971
Number of Voting rights(viii) 539,971

Resulting situation after the triggering transaction(vii):
Number of shares:
Direct: n/a
Number of voting rights (ix):
Direct (x):
Indirect (xi): 550,998

% of voting rights(x):
Direct:
Indirect: 0.4%

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction (xii):

Type of financial instrument: Subscription Shares

Expiration date (xiii):

Exercise/Conversion Period/Date (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 Instruments
(xv), (xvi)

Resulting situation after the triggering transaction:

Type of financial instrument:

Exercise Price:

Expiration date (xvii):

Exercise/Conversion Period/Date (xviii):

Number of voting rights instrument refers to:

% of voting rights (xix) (xx):

Nominal:
Delta:

Total (A + B + C):

Number of voting rights: 550,998

% of voting rights: 0.4%

(9). Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xv):

Proxy Voting:

(10). Name of the proxy holder:

Nutraco Nominees Limited

(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:

These shares are held on behalf of participants in the BlackRock Investment
Trust savings products. BlackRock Investment Management (UK) Limited has a
notifiable interest in these shares because, in certain circumstances and
subject to certain limitations agreed with the Takeover Panel to ensure
compliance with the Takeover Code, with effect from 4 March 2007 BlackRock is
entitled to exercise the voting rights attached to these shares if the relevant
plan participants do not do so.

(14). Contact name:

S Beynsberger
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 2639


2 June 2014