Sale of tendered shares and tender offer update

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA

BLACKROCK FRONTIERS INVESTMENT TRUST PLC

11 February 2016

Sale of tendered shares and Tender Offer update

As announced on 1 February 2016, BlackRock Frontiers Investment Trust plc (the “Company”) received tender acceptances in respect of 5,995,293 Ordinary Shares representing 4.0% of the Company’s issued ordinary share capital ("Tendered Shares").  In accordance with the terms set out in the tender offer circular published by the Company on 17 December 2015 (the "Circular"), Winterflood Securities Limited has found buyers for all of the Tendered Shares.  Such Tendered Shares have been sold to Incoming Investors at 101.57 pence per Ordinary Share (a price equal to the Net Asset Value per Ordinary Share on 10 February 2016) in accordance with the terms of the Circular (the “Investment Price”).

Tendering Shareholders will receive the Investment Price for each Tendered Share.  It is expected that CREST payments will be made and cheques will be despatched as soon as practicable on or after 18 February 2016.

Since no Ordinary Shares are being repurchased, the Company continues to have 150,621,621 Ordinary Shares in issue (no Ordinary Shares are currently held in treasury).

As announced on 5 February 2016 the Company is proposing, subject to investor demand, to undertake an issue of C shares with an expected closing date of 24 February 2016.

Terms used and not defined in this announcement shall have the meaning given to them in the Circular.

Enquiries:

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

Joe Winkley/Neil Morgan
Winterflood Investment Trusts
Tel: [phone]