BLACKROCK HEDGE SELECTOR LTD - Statement re Cash Exit Results

        






BLACKROCK HEDGE SELECTOR LTD - Statement re Cash Exit Results

                 BlackRock Hedge Selector Ltd (the "Company")                  

                               Cash Exit Results                               

On 17 December 2012, the Company provided Cash Fund Shareholders with details of the terms and conditions for participating in a Cash Fund Shares Exit. In the expected timetable set out in that announcement, the latest date for submission of Redemption Notices by Cash Fund Shareholders wishing to participate in the Cash Exit was 1.00 p.m. (Jersey time) on 28 January 2013.

Further to that announcement, the Directors have decided to exercise their discretion to extend the deadline for submission of Redemption Notices to 1.00 p.m. (Jersey time) on 4 February 2013.

Expected Timetable

The expected timetable for the Cash Exit and, if required, Compulsory Conversion is now as follows:

Action                                                           Date

CREST live and available for USE instructions                    14 January 2013
to be made by Uncertificated 
Cash Fund Shareholders

Latest date for submission of relevant USE                       1.00 p.m. (Jersey time) 4 February

instruction(s) or receipt of the Cash Exit 2013 Redemption Form for certificated shareholdings and share certificate(s) (as appropriate)

Results of Cash Exit announced                                   5 February 2013

NAV valuation point for Cash Exit                                31 January 2013

NAV valuation point for Compulsory Conversion of                 31 January 2013

Cash Fund Shares into UK Emerging Companies Shares (if required)

Cash Exit and, if required, Compulsory Conversion                11 February 2013

Issue of UK Emerging Companies Shares following                  11 February 2013

Compulsory Conversion

CREST accounts credited with redemption                          11 February 2013
consideration in respect of uncertificated Cash
Fund Shares redeemed pursuant to the Cash Exit

Despatch of cheques for redemption consideration                 Week commencing 18 February 2013

in respect of certificated Cash Fund Shares redeemed pursuant to the Cash Exit

Additional information

If any of the above times and/or dates change, the revised time(s) and/or date (s) will be notified to shareholders by announcement through a Regulatory Information Service.

This notice is for information only. Any Cash Fund Shareholder who is in any doubt whether or not to redeem Cash Fund Shares pursuant to the Cash Exit is recommended to contact an independent financial adviser. The Directors make no recommendations to Cash Fund Shareholders in relation to participation in the Cash Exit. Whether or not holders decide to elect to redeem their Cash Fund Shares is a matter for each Cash Fund Shareholder and will depend, among other things, on their view of the Company's prospects and their individual circumstances, including their tax position. In making their own decisions Cash Fund Shareholders are recommended to consult their duly authorised independent financial and tax adviser.

Enquiries

Ian Webster - 01534 600 802
BlackRock (Channel Islands) Limited

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

Date: 29 January 2013

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