Statement re Dividend Exchange Rate Set

BlackRock Frontiers Investment Trust plc

Dividend Exchange Rate Set

Please note that the exchange rate for the interim dividend previously
announced on 20 May 2014 has been set at 1.695730, which will make the GBP
equivalent dividend payable 1.32686 pence per share (USD dividend 2.25 cents
per share) which is payable to shareholders on 4 July 2014 (to shareholders on
the register on 6 June 2014).

18 June 2014
S Beynsberger - Company Secretary
Tel: [phone]