Statement re Investment of C Share Proceeds

BlackRock Frontiers Investment Trust plc

Investment of C Share Proceeds

BlackRock Frontiers Investment Trust plc (the “Company”) has been informed by the Manager that as at close of business on 3 March 2016, 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 at least 85 per cent. of the Net Proceeds have been invested in which to determine the Net Asset Values of the C Shares and Ordinary Shares, 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 7 March 2016 and the Record Date for the transaction to fall on 9 March 2016.   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 7 March 2016. It is expected that the listing of the C Shares will be suspended at 7.30 a.m. on 15 March 2016.

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.

Unless otherwise defined, capitalised terms in this announcement shall have the meaning given to them in the Company’s prospectus dated 5 February 2016.

4 March 2016

Enquiries:

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

Neil Morgan, Winterflood Investment Trusts: 020 3100 0292

Press Enquires:

Lucy Horne, Lansons Communications Tel: [phone]
Email:[e-mail]