TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
(1). Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached (ii):
BlackRock Absolute Return Strategies Ltd
(2). Reason for the notification (please tick the appropriate
box or boxes):
An acquisition or disposal of voting rights: ( x )
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached: ( )
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : ( )
(3). Full name of person(s) subject to the notification
obligation (iii):
CG Asset Management
(4). Full name of shareholder(s) (if different from 3.)
(iv):
Nortrust Nominees and Smith & Williamson Nominees
Limited
(5). Date of the transaction (and date on which the threshold is
crossed or reached if different) (v):
21 November 2012
(6). Date on which issuer notified:
23 November 2012
(7). Threshold(s) that is/are crossed or reached:
8% - 22%
(8). Notified details:
A: Voting rights attached to shares Class/type of shares (if
possible using the ISIN code): denominated shares of no par value -
GBP JE00B8BKNL68
Situation previous to the triggering transaction(vi): Number of
Shares - JE00B8BKNL68: 112,914 Number of Voting rights -
JE00B8BKNL68 (viii): 112,914
Resulting situation after the triggering transaction(vii):
Number of shares:
Direct - JE00B8BKNL68: 323,032
Number of voting rights (ix):
Direct - JE00B8BKNL68 (x): 323,032
Indirect - JE00B8BKNL68 (xi):
% of voting rights:
Direct JE00B8BKNL68: 22.62%
Indirect - JE00B8BKNL68:
B. Financial Instruments
Resulting situation after the triggering transaction (xii):
Type of financial instrument:
Expiration date (xiii):
Exercise/Conversion Period/Date (xiv):
Number of voting rights that may be acquired if the instrument
is exercised/ converted:
% of voting rights:
C. Financial Instruments with similar economic effect to
Qualifying Instruments (xv), (xvi)
Resulting situation after the triggering transaction:
Type of financial instrument:
Exercise Price:
Expiration date (xvii):
Exercise/Conversion Period/Date (xviii):
Number of voting rights instrument refers to:
% of voting rights (xix) (xx):
Nominal:
Delta:
Total (A + B + C):
Number of voting rights: 323,032
% of voting rights: 22.62%
(9). Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable (xv):
Nortrust Nominees for CG Portfolio Fund Ltd - 4.05% Nortrust
Nominees for Capital Gearing Trust Plc - 10.88% Nortrust Nominees
for CG Portfolio Fund Plc - 2.78% Smith & Williamson Nominees
for CG Asset Management Limited - 4.91%
Proxy Voting:
(10). Name of the proxy holder:
N/A
(11). Number of voting rights proxy holder will cease to
hold:
N/A
(12). Date on which proxy holder will cease to hold voting
rights:
N/A
(13). Additional information:
N/A
(14). Contact name:
Mrs K V Higgins
For BlackRock Investment Management (UK) Limited
Secretary
(15). Contact telephone number:
020 7743 1089
23 November 2012