BlackRock Hedge Selector Ltd - Estimated NAV

The Company's estimated NAV as at 31 December 2014 was as follows:-

UK Emerging Companies Shares GBP 1.35280

BlackRock (Channel Islands) Limited
Secretary
6 January 2015

The Net Asset Value figures in this announcement are an estimate, and are based
on unaudited estimated valuations. Estimated results, performance or
achievements may differ materially from any actual results, performance or
achievements. Except as required by applicable law, the Company expressly
disclaims any obligations to update or revise such estimates to reflect any
change in expectations, new information, subsequent events or otherwise.

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