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 Frontiers Investment Trust PLC

    (2). Reason for the notification (please tick the appropriate box or boxes):

    An acquisition or disposal of voting rights: (  )

    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) : Baseline notification required as a result of the
    implementation of changes to the transparency directive ( x )

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

                BlackRock, Inc.

    (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):

                26 November 2015

    (6). Date on which issuer notified:

                30 November 2015

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

    Baseline notification required as a result of the implementation of changes to 
      the transparency directive; BlackRock Inc. shares and voting rights remain   
                    above the previously disclosed threshold of 18%                


    Total holding has gone below 19%

    Voting rights attached to shares holding has gone below 19%
               

    (8). Notified details:

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

    Class/type of shares (if possible using the ISIN code):  Ordinary Shares:
    GB00B3SXM832

    Situation previous to the triggering transaction:
         Number of Shares: 28,439,300
         Number of Voting rights: 28,439,300


    Resulting situation after the triggering transaction:
         Number of shares: 
              Direct: N/A
         Number of voting rights:
              Direct (xi): N/A
              Indirect (xii): 28,437,651

    % of voting rights (x):
         Direct:  N/A
         Indirect:  18.88%

    B. Qualifying Financial Instruments

    Resulting situation after the triggering transaction:

    Type of financial instrument:  Securities Lending

    Expiration date (xiii): 

    Exercise/Conversion Period (xiv): 

    Number of voting rights that may be acquired if the instrument is exercised/
    converted:  1,649

    % of voting rights:  0.00%

    C. Financial Instruments with similar economic effect to Qualifying Financial
    Instruments xv, xvi
     

    Resulting situation after the triggering transaction:
     

    Type of financial instrument:
     

    Exercise price:

    Expiration date (xvii):

    Exercise/Conversion period (xviii):

    Number of voting rights instrument refers to:

    % of voting rights (xix, xx):

    Nominal:

    Delta:

    Total (A + B + C):

    Number of voting rights:  28,439,300

    % of voting rights: 18.88%


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



    Proxy Voting:

    (10). Name of the proxy holder:

                N/A

    (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:

                BlackRock Regulatory Threshold Reporting Team

    (14). Contact name:

                Ms S Beynsberger
                For BlackRock Investment Management (UK) Limited
                Company Secretary

    (15). Contact telephone number:

                020 7743 2639


    01 December 2015
     

    Name                                   % of voting     % of voting rights Total of both  
                                           rights if it    through financial  if it equals or
                                           equals or is    instruments if it  is higher than 
                                           higher than the equals or is       the notifiable 
                                           notifiable      higher than the    threshold      
                                           threshold       notifiable                        
                                                           threshold                         
                                                                                             
    BlackRock, Inc.                                                                          
                                                                                             
    BlackRock Holdco 2, Inc.                                                                 
                                                                                             
    BlackRock Financial Management, Inc.                                                     
                                                                                             
    BlackRock International Holdings, Inc.                                                   
                                                                                             
    BR Jersey International Holdings L.P.                                                    
                                                                                             
    BlackRock Group Limited                                                                  
                                                                                             
    BlackRock Investment Management (UK)       17.59%      0.00%              17.59%         
    Limited                                                                                  
                                                                                             
    BlackRock, Inc.                                                                          
                                                                                             
    BlackRock Holdco 2, Inc.                                                                 
                                                                                             
    BlackRock Financial Management, Inc.                                                     
                                                                                             
    BlackRock International Holdings, Inc.                                                   
                                                                                             
    BR Jersey International Holdings L.P.                                                    
                                                                                             
    BlackRock Group Limited                                                                  
                                                                                             
    BlackRock Advisors (UK) Limited