BLACKROCK HEDGE SELECTOR

As announced on 5 September, given the current market capitalisation of the
Company and the prevailing share price discount, the Board of BlackRock Hedge
Selector Ltd undertook a shareholder consultation in relation to the current
investment objective and policy of the Company's existing share class.

Towards the end of this consultation process, the Company has received
proposals from a third party in relation to a different investment strategy.
The Board is seeking to establish the feasibility or otherwise of these
proposals. In the event that this feasibility review concludes that the
proposals are not a viable option for the Company, the Board intends to propose
to shareholders that the Company be wound up and investors will receive exit
proceeds equivalent to NAV less the costs of liquidation. It is anticipated
that a further announcement will be made by no later than 19 December 2014.

The December Redemption will proceed as previously announced and it is
anticipated that Shareholders that have elected to redeem will receive their
proceeds (based on the Company's NAV at 31 December 2014 less costs) on or
around 16 January 2015.

Will Rogers - Cenkos Securities 020 7397 1920

Ed Bellew - BlackRock 01534 600 806