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Correction: Conversion of Securities

12th Jul 2010 16:56

Correction to the announcement made on 17 June 2010 (reference PRNUK-1706101040-A499): Due to an error made by the Company's registrar the conversions received were incorrectly announced. This announcement has now been amended to show the correct share conversion.

BLACKROCK ABSOLUTE RETURN STRATEGIES LTD ("the Company") Conversion of Shares

The Company announces that it has received Conversion Notices in respect of the 30 June 2010 Currency Conversion Calculation Date from shareholders as follows:

Shares converting from:

Euro denominated Shares to Sterling denominated Shares 121,964Euro denominated Shares to US Dollar denominated Shares 733

Conversion will occur within 30 days of the currency Conversion Calculation Date, prior to which the Company will announce the conversion ratios to be used.

Enquiries: Ian WebsterCompany SecretaryBlackRock (Channel Islands) Limited

Tel: 015 3460 0802

Date: 12 July 2010

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