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: ()

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: (X)

Other (please specify):

(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):

Discretionary clients

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

16 January 2014

(6). Date on which issuer notified:

17 January 2014

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

13%

(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: 3,497,317
Number of Voting rights: 3,497,317

Resulting situation after the triggering transaction:
Number of shares:
Direct: 3,497,317
Number of voting rights:
Direct (xi): 3,497,317
Indirect (xii):


% of voting rights (x):
Direct: 13.48%
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: 3,497,317

% of voting rights: 13.48%

(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:

Increase in holding percentage based on shares in issue of 28,942,959 on 15th
January 2014, decreasing to 25,937,505 on 16th January 2014. This is the required
notification that the holding is more than 13% of the shares in issue.

(14). Contact name:

Ed Bellew
BlackRock (Channel Islands) Limited
Secretary

(15). Contact telephone number:
0153 460 0806

17 January 2014