BLACKROCK FRONTIERS INVESTMENT TRUST PLC - LEI: 5493003K5E043LHLO706      
                           BLOCK LISTING SIX MONTHLY RETURN                        

           The following information is released in accordance with LR3.5.6        

    To:  The FCA

    Date: 22 May 2017

    Name of applicant:                          BlackRock Frontiers Investment Trust plc      
                                                                                              
    Name of scheme:                             General purpose block listing scheme          
                                                                                              
    Period of return:                           From: 22 November 2016 To: 22 May 2017        
                                                                                              
    Balance under scheme from previous return:  9,400,000 ordinary shares of 1 cent each      
                                                                                              
    The amount by which the block scheme has    17,269,310 ordinary shares of 1 cent each (5  
    been increased, if the scheme has been      May 2017)                                     
    increased since                                                                           
    the date of the last return:                                                              
                                                                                              
    Number of securities issued/allotted under  10,360,000 ordinary shares of 1 cent each     
    scheme                                                                                    
    during period:                                                                            
                                                                                              
    Balance under scheme not yet issued/        16,309,310 ordinary shares of 1 cent each     
    allotted at                                                                               
    end of period                                                                             
                                                                                              
    Number and class of securities originally   9,400,000 ordinary shares of 1 cent each      
    listed and                                  (originally listed on 18 May 2011)            
    the date of admission                                                                     
                                                                                              
    Total number of securities in issue at the  174,693,108                                   
    end of the period                                                                         

       

    Name of contact:                           Mr K Mayger                                 
                                                                                           
    Address of contact:                        12 Throgmorton Avenue, London EC2N 2DL      
                                                                                           
    Telephone number of contact:               0207 743 1098                               

    SIGNED BY        
    Mr K Mayger
    for and on behalf of BlackRock Frontiers Investment Trust plc
    Company Secretary