Investment of C Share Proceeds

BlackRock Frontiers Investment Trust plc

Investment of C Share Proceeds

The Company has been informed by the Manager that as at close of business on 
16 September 2013, over 85 per cent. of the net proceeds of the recent issue of 
C Shares have been invested in a portfolio of securities consistent with the
Company's investment policy.

The rights attaching to the C Shares provide that the Company has 10 business
days following the date on which it is informed that over 85% of the net
proceeds have been invested in which to determine the Net Asset Values ("NAVs")
of the C Share and Ordinary Share asset pools, on which basis the Conversion
Ratio will be calculated, the date of such determination being the "Calculation
Date".

In the absence of unforeseen circumstances the Company expects the Calculation
Date to fall on 18 September 2013 and the Record Date for the transaction to
fall on 20 September 2013. The last day for trading in the C Shares on the
London Stock Exchange for normal settlement (in order to enable settlement
prior to Conversion) will be 17 September 2013. It is expected that the listing
of the C Shares will be suspended at 7.30 a.m. on 23 September 2013.

The Company intends to make a further announcement in due course setting out
the conversion ratio applying to the conversion of C Shares into Ordinary
Shares and the expected date when such conversion will occur.

17 September 2013

Enquiries:

Simon White, BlackRock Investment Management (UK) Limited: 020 7743 5284

Alex Blake, Winterflood Investment Trusts: 020 3100 0297