Issue of Equity

BlackRock Frontiers Investment Trust plc

25 July 2013

Issue of equity and result of General Meeting and Class Meeting

Following the closure of the C Share placing and offer for subscription (the
`Issue'), BlackRock Frontiers Investment Trust plc (the `Company') is pleased
to announce that applications have been made for 63,566,000 C Shares to be
admitted to the premium listing segment of the Official List and to trading on
the London Stock Exchange's main market for listed securities on 31 July 2013.
The proceeds of the Issue net of issue costs are approximately £62.45
million. Certain funds managed or advised by BlackRock Investment Management
(UK) Limited, the Company's investment manager, subscribed for 25 million 
C Shares pursuant to the Issue.

The Company also announces that, following the class meeting and general
meeting which were held earlier today, that all resolutions put to the meetings 
were passed. 

In accordance with listing rule 9.6.2R copies of the resolutions have been 
submitted to the National Storage Mechanism and will shortly be available
for inspection at www.morningstar.co.uk/uk/NSM.

The Company's C Share ticker is BRFC and its ISIN is GB00BBBSB408.

For further information please contact:

Simon White
BlackRock Investment Management (UK) Limited
Tel: [phone]

Darren Willis / Alex Blake
Winterflood Investment Trusts
Tel: [phone]