Holding(s) in Company

1st Dec 2010 09:36

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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

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):

30 September 2010

(6). Date on which issuer notified:

30 November 2010

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

13%(8). Notified details:

A: Voting rights attached to shares

Class/Type Situation previous Resulting situation of to after the Triggering shares the Triggering transaction if possible transaction using the ISIN Number of Number of Number of Number % of voting code shares voting shares of voting rights rights rights Direct Direct Indirect Direct Indirect JE00B2PXDB91 801,594 1,282,550 2,846,292 13.78% (GBP) JE00B2PXNQ43 1,496,070 1,496,070 0 0% (USD)

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: 2,846,292

% of voting rights: 13.78%

(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

1 December 2010

vendor

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