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Result of EGM and Class Meetings

25th Aug 2011 14:18

BlackRock Absolute Return Strategies Ltd

Results of Extraordinary General Meeting and Class Meetings

The Board of BlackRock Absolute Return Strategies Ltd (the "Company") announces that at the Extraordinary General Meeting and the class meetings (the "Meetings") reconvened for today, 25 August 2011, the following special resolution was duly passed at each of the meetings.

THAT:

(a) the Company modify its Investment Objective and Policy in the manner described in the Circular sent by the Company to its Shareholders on 15 July 2011;

(b) the Company modify its currency hedging programme in the manner described in the Circular sent by the Company to its Shareholders on 15 July 2011; and

(c) the New Articles, which are drafted to effect the Proposals described in the Circular sent by the Company to its Shareholders on 15 July 2011, be approved and adopted as the articles of association of the Company in substitution for and to the exclusion of the existing Articles in the form presented to the meeting and initialled by the Chairman for the purpose of identification.

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular dated 15 July 2011.

Votes received in respect of the Meetings were as follows:

Extraordinary General For Against Total Meeting Euro class 408,817 - 408,817 Sterling class 7,209,619 - 7,209,619 US dollar class 140,000 - 140,000 Total 7,758,436 - 7,758,436 Class Meetings For Against Total Euro class 449,147 - 449,147 Sterling class 7,195,292 - 7,195,292 US dollar class 145,250 - 145,250 Enquiries:Will Rogers - Cenkos Securities 0207 397 1920Ian Webster/Ed Bellew - BlackRock 01534 600802/600806

XLON

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