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: ( 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): ( )

    (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 September 2016

    (6). Date on which issuer notified:

                27 September 2016

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

    Voting rights attached to shares holding for BlackRock, Inc. has gone below 22%

    (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: 36,183,545
         Number of Voting rights: 36,183,545


    Resulting situation after the triggering transaction:
         Number of shares: 
              Direct: N/A
         Number of voting rights:
              Direct (xi): N/A
              Indirect (xii): 36,101,730

    % of voting rights (x):
         Direct:  N/A
         Indirect:  21.96%

    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:  173,577

    % of voting rights:  0.10%

    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: 36,275,307

    % of voting rights: 22.07%


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

    See annex 1

    (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:

                N/A

    (14). Contact name:

                Mr K Mayger
                For BlackRock Investment Management (UK) Limited
                Company Secretary

    (15). Contact telephone number:

                020 7743 1098


    27 September 2016
     

    Annex 1

                                                           % of voting rights                
                                           % of voting     through financial  Total of both  
                                           rights if it    instruments if it  if it equals or
                                           equals or is    equals or is       is higher than 
    Name                                   higher than the higher than the    the notifiable 
                                           notifiable      notifiable         threshold      
                                           threshold       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)   20.81%          0.10%              20.91%         
    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