BlackRock Frontiers Investment Trust plc
(LEI: 5493003K5E043LHLO706)

Dividend Exchange Rate Set

Please note that the exchange rate for the final and special dividends previously announced on 11 December 2018 has been set at 1.286776, which will make the GBP equivalent dividend payable 4.196534 pence per share (USD dividend 5.40 cents per share comprised of a final dividend of 4.40 cents per share and a special dividend of 1.00 cent per share) which is payable to shareholders on 7 February 2019 (to shareholders on the register on 4 January 2019).

21 January 2019

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

Tel:  020 7743 1098