TR-1(i): 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 Hedge Selector Ltd UK Emerging COS

(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 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): (X) Required Notification that holding is more than 5%

(3). Full name of person(s) subject to the notification obligation (iii):

Close Asset Management Limited

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

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

29 August 2014

(6). Date on which issuer notified:

1 September 2014

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

11%

(8). Notified details:

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

Class/type of shares (if possible using the ISIN code): UK Emerging Companies
Shares: JE00B42J37Y2

Situation previous to the triggering transaction:
Number of Shares: 3,076,417
Number of Voting rights: 3,076,417

Resulting situation after the triggering transaction:
Number of shares:
Direct: 1,666,917
Number of voting rights:
Direct (xi): 1,666,917
Indirect (xii):

% of voting rights (x):
Direct: 6.42%
Indirect:

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Type of financial instrument:

Expiration date (xiii):

Exercise/Conversion Period (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 Financial
Instruments xv, xvi

Resulting situation after the triggering transaction:

Type of financial instrument: N/A

Exercise price: N/A

Expiration date (xvii): N/A

Exercise/Conversion period (xviii): N/A

Number of voting rights instrument refers to: N/A

% of voting rights (xix, xx):

Nominal:

Delta:

Total (A + B + C):

Number of voting rights: 1,666,917

% of voting rights: 6.42%


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


Close Asset Management Limited

Proxy Voting:

(10). Name of the proxy holder


(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:

Percentage based on shares in issue figure of 25,975,228 as at 29th August
2014. This is the required notification that the holding is less than 11%
of the shares in issue.

(14). Contact name:

Ed Bellew
BlackRock (Channel Islands) Limited
Secretary

(15). Contact telephone number:
0153 460 0806

1 September 2014