BlackRock Frontiers Investment Trust Plc - Provision for potential Capital Gains Tax

London, March 30

Provision for potential Capital Gains Tax

With effect from 30 March 2017, the Company’s Net Asset Value (NAV), to be announced on 31 March 2017, will include a provision for Capital Gains Tax potentially payable in Argentina.  As at 30 March 2017 this provision was 1.4% of the NAV (0.94% on unrealised gains and 0.46% on realised gains since 23 September 2013).  There is considerable uncertainty as to whether the Capital Gains Tax will become payable and there is currently no established mechanism for paying it. In the event that no tax becomes payable the provision will be reversed.      

30 March 2017

Kevin Mayger
For and on behalf of
BlackRock Investment Management (UK) Limited
Company Secretary

Contacts:

Simon White