BHUE Blackrk Hdge Uk

               BlackRock Hedge Selector Limited (the "Company")

Publication of Shareholder Circular and Notice of Extraordinary General Meeting

Further to the announcement on 26 November 2014, the Directors of the Company
announce that a circular has been posted to Shareholders detailing proposals
for a recommended winding up of the Company and containing a notice convening
an extraordinary general meeting to be held on 30 January 2015.

Application has been made to the UKLA for suspension of listing of the Shares
on the Official List of the UKLA and application has been made to the London
Stock Exchange for suspension of trading in the Shares at 7.30 a.m. on 30
January 2015. The Company has also made an application for the cancellation of
the admission of the Shares to listing on the Official List and to trading on
the Main Market, subject to the Resolution being passed, with the cancellation
expected to take effect at 8.00 a.m. on 2 March 2015.

Copies of the circular have been submitted to the National Storage Mechanism
and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.

Capitalised terms used in this announcement shall, unless the context otherwise
requires, bear the meaning given to them in the circular dated 07 January 2015.

Expected timetable

Latest time and date for receipt of the
Form of Proxy for the Extraordinary General
Meeting                                           11.00 a.m. on 28 January 2015

Suspension of the listing of the Shares            7.30 a.m. on 30 January 2015

Extraordinary General Meeting and, if
approved, the appointment of the
Liquidators                                       11.00 a.m. on 30 January 2015

Closing of the Company's register and
Record Date for participation in
liquidation distributions                           5.00p.m. on 2 February 2015

Cancellation of the listing of the Shares             8.00 a.m. on 2 March 2015

Expected initial interim distribution date                        17 April 2015

Enquiries

BlackRock Investment Management
Ed Bellew - 01534 600 806

Cenkos Securities plc
Sapna Shah - 020 7397 1922

7 January 2015