BHUE Blackrk Hdge Uk

                         BLACKROCK HEDGE SELECTOR LTD

                                ("the Company")

                              REDEMPTION FACILITY

The Company's Articles of Association provide that if the UK Emerging Companies
Shares are trading on the London Stock Exchange at an average discount to the
prevailing NAV per Share over the relevant Discount Calculation Period, the
Company may in the absolute discretion of the Directors invite UK Emerging
Companies Shareholders to request the redemption on any Redemption Date of up
to a maximum of 20 per cent. or such lesser maximum percentage as the Directors
in their absolute discretion may from time to time specify (the "Basic
Entitlement") of the UK Emerging Companies Shares in issue at the relevant
Redemption Notification Date (excluding any Shares held in treasury).
Redemption proceeds will be calculated based on the UK Emerging Company Share
Class NAV as at the relevant Redemption Valuation date.

As stated in the Circular dated 21 March 2013, the Directors intend to use
their discretion to implement the Redemption Facility with respect to a
Redemption Valuation Date if the UK Emerging Companies Shares have traded at a
discount to Net Asset Value during the calendar quarter ending on the previous
Redemption Valuation Date (the "Discount Calculation Period"). The UK Emerging
Companies Shares will be deemed to have traded at a discount to Net Asset Value
per Share during the relevant Discount Calculation Period where, on average
across all trading days in such Discount Calculation Period, the closing price
at the end of each day is lower than the most recently announced Net Asset
Value available in the market on that day.

For the Discount Calculation Period for the Company for the December Redemption
(1 July 2014 to 30 September 2014), the Company's UK Emerging Companies Shares
traded at an average discount of 2.1% and therefore the Directors have
determined to exercise their discretion to implement the Redemption Facility,
with the next Redemption Valuation Date being 31 December 2014. It is expected
that shareholders will receive proceeds of the redemption on or around 16
January 2015.

In reaching a decision as to whether to participate in the December 2014
Redemption Opportunity, shareholders should be aware that, as announced on 5
September 2014, the Board of BlackRock Hedge Selector Ltd is undertaking a
shareholder consultation in relation to the current investment objective and
policy of the Company's existing share class. The Company will make a further
announcement in due course.

The proceeds received by UK Emerging Companies Shareholders will be equivalent
to the Net Asset Value of the UK Emerging Companies Shares at 31 December 2014
less the attributable costs of redemption which the Directors may in their
absolute discretion deem appropriate, multiplied by the number of shares held.

In order to participate in the December 2014 Redemption Facility, Shareholders
must ensure that the Redemption Form for Certificated Shareholdings (correctly
completed and together with the relevant share certificate(s)) or the USE
message for Uncertificated Shareholdings, as appropriate, reach Computershare
Investor Services PLC by no later than 3.00 p.m. on 17 October 2014 (unless the
Directors of the Company determine otherwise). CREST members and (where
applicable) their CREST sponsors should note that the latest time at which a
USE instruction may settle is 3.00 p.m. GMT (the CREST deadline for
settlement).

CREST information for Uncertificated Shareholders is set out below:-

Participant ID of the Registrar 0RA21
Member account ID of the Registrar HEDGESEL
Corporate Action ISIN JE00B42J3Y72.

In the case of Shares held in certificated form, a Redemption Form for
Certificated Shareholdings may be obtained from the Company's website http://
www.blackrock.co.uk/BRHS/index.htm, or requested from the Company's

Receiving Agent at the following address:

Computershare Investor Services PLC
Corporate Actions Projects
Bristol
BS99 6AH

Shareholders should note that if they elect to redeem Shares they will be
unable to deal in those Shares in the period between giving notice of intent to
redeem and the actual date of the redemption. Once given, any such redemption
notice shall be irrevocable without the consent of the Directors.

This notice is for information only. Any Shareholder who is in any doubt
whether or not to redeem their shares is recommended to contact an independent
financial adviser.

Defined terms used in this announcement have the same meanings attributed to
them as in the Company's Circular dated 21 March 2013.

Expected timetable:

Latest date for submission of relevant USE       3.00 p.m. on 17 October 2014
instruction(s) or receipt of the Redemption
Form Certificated Shareholdings and share
certificate (as appropriate)

Redemption Valuation Date                        31 December 2014

December 2014 Redemption Date                    Expected to be on or around
                                                 16 January 2015

Enquiries:

Ian Webster
Company Secretary
BlackRock (Channel Islands) Limited
Tel: 01534 600800
Date: 1 October 2014