Statement re Dividend Exchange Rate Set

BlackRock Frontiers Investment Trust plc

Dividend Exchange Rate Set

The Board is pleased to announce that the exchange rate for the final dividend 
previously announced on 30 November 2012 has been set at 1.58, which will make 
the GBP equivalent dividend payable 1.64557 pence per share (USD dividend 2.60 
cents per share) which is payable to shareholders on 8 March 2013 (to 
shareholders on the register on 1 February 2013).

8 February 2013
Barbara Powley - Company Secretary
Tel: [phone]