BlackRock Hedge Selector Ltd

                                ("the Company")

                    Completion of December 2013 Redemption

As approved at the Extraordinary General Meeting of the Company on 11 April
2013, the Company has introduced a discretionary quarterly Redemption Mechanism
for up to a maximum of 20 per cent. of the UK Emerging Companies Shares in
issue at the relevant Redemption Notification Date. All redemptions are
implemented at the absolute discretion of the Directors.

The December 2013 Redemption opportunity under this mechanism was for the
Discount Calculation Period ended 30 September 2013, and the deadline for
elections to participate in this redemption was 18 October 2013. As announced
on 21 October 2013, holders of 3,005,454 UK Emerging Companies Shares (10.4% of
the UK Emerging Companies Shares excluding treasury shares) elected to redeem
their holding. A total of 1,950,000 UK Emerging Companies Shares (being 65% per
cent of the total number of shares redeemed), were redeemed by one holder. The
redemption will be satisfied in full.

Based on a Net Asset Value for the UK Emerging Companies Shares at 31 December
2013 of 140.251 pence per share, less the costs of implementing the December
Redemption, total proceeds of 140.217 pence per share will be paid to Redeeming
UK Emerging Companies Shareholders on or around 16 January 2014.

The redeemed shares will be cancelled. Therefore following implementation of
the December 2013 Redemption, the Company will have 25,937,505 UK Emerging
Companies Shares in issue (excluding shares held in treasury). The Company
currently holds an additional 2,894,295 UK Emerging Companies Shares in
Treasury. With effect from the date the December Redemption is implemented
(expected to be on or around 16 January 2014) the Company will also cancel
300,545 shares from Treasury, and will therefore hold 2,593,750 shares in
Treasury from this date (all on the basis that there are no other movements in
the Company's issued share capital between the date of this announcement and
the implementation date of the December redemption.

Definitions

Defined terms used in this announcement have the same meanings attributed to
them as in the Company's Circular dated 21 March 2013.

Enquiries

Ed Bellew - 01534 600 806
BlackRock (Channel Islands) Limited

Will Rogers - 020 7397 1920
Sapna Shah - 020 7397 1922
Cenkos Securities plc

10 January 2014