BARS Smo Gold

                       BLOCK LISTING SIX MONTHLY RETURN                        

Information provided on this form must be typed or printed electronically.

To: The FSA

Date: 22 November 2012

Name of applicant:                     BlackRock Absolute Return Strategies Ltd
                                                                               
Name of scheme:                        General Purpose Block Listing Scheme    
                                                                               
Period of return:                      From: 22 May 2012    To: 22 November 2012 
                                                                               

Balance under scheme from previous 468,754 Sterling denominated shares return:

                                                                        
                                                                               
Plus: The amount by which the block                                            
scheme(s) has been increased, if the                                           
scheme has been increased since the                                            
date of the last return (if any                                                
increase has been applied for):                                                
                                                                               
Less: Number of securities issued/                                             
allotted under scheme(s) during period                                         
(see LR3.5.7G):                                                                
                                                                               

Equals: Balance under scheme(s) not 468,754 Sterling denominated shares yet issued/allotted at end of period

                                           

Name of contact:                        Kerry V Higgins                        
                                                                               
Telephone number of contact:            020 7743 1089