Holding(s) in Company

14th Sep 2010 15:07

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):

L&G Target Return Trust

(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):

8 September 2010

(6). Date on which issuer notified:

13 September 2010

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

Holding has gone above 12%(8). Notified details:

A: Voting rights attached to shares

Class/type of shares (if possible using the ISIN code): Sterling denominated shares of no par value - JE00B2PXDB91

Situation previous to the triggering transaction(vi): Number of Shares: 1,572,621* Number of Voting rights(viii): 2,516,194*

*situation previous disclosure is based upon an issued share capital of 22,343,917 while the resulting situation disclosure is based upon an issued share capital of 20,672,035.

Resulting situation after the triggering transaction(vii):Number of shares:Direct: N/ANumber of voting rights (ix):Direct (x): 2,516,194Indirect (xi): N/A% of voting rights:Direct: 12.17%Indirect: N/AB. 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: 2,516,194

% of voting rights: 12.17%

(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

14 September 2010

vendor

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