Holding(s) in Company

15th Apr 2011 14:48

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: ( )

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: ( X )

Other (please specify) : ( )

(3). Full name of person(s) subject to the notification obligation (iii):

Investec Asset Management Ltd

(4). Full name of shareholder(s) (if different from 3.) (iv):

(5). Date of the transaction (and date on which the threshold is crossed or reached if different) (v):

1 April 2011

(6). Date on which issuer notified:

15 April 2011

(7). Threshold(s) that is/are crossed or reached:

14%(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 JE00B2PXDB91, USD JE00B2PXNQ43, Euro JE00B2PXNC07

Situation previous to the triggering transaction(vi): Number of Shares - JE00B2PXDB91: 1,795,933 Number of Voting rights - JE00B2PXDB91 (viii): 2,693,899

Resulting situation after the triggering transaction(vii): Number of shares: Direct - JE00B2PXDB91:

Number of voting rights (ix):Direct - JE00B2PXDB91 (x):Indirect - JE00B2PXDB91(xi): 2,693,899% of voting rights:Direct JE00B2PXDB91:Indirect - JE00B2PXDB91: 14.57%

B. Qualifying 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: 2,693,899

% of voting rights: 14.57%

(9). Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

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 HigginsFor BlackRock Investment Management (UK) LimitedSecretary

(15). Contact telephone number:

020 7743 1089

15 April 2011

vendor

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