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 Hedge Selector Ltd

(2). Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights: (X)

An acquisition or disposal of 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: ( )

Other (please specify): ()

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

Weiss Asset Management LP

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

Brookdale International Partners, L.P., Brookdale Global Opportunity Fund*

*Weiss Asset Management LP is the Investment Manager to Brookdale Global
Opportunity Fund and Brookdale International Partners, L.P.

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

10 December 2014

(6). Date on which issuer notified:

15 December 2014

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

Below 20%

(8). Notified details:

A: Voting rights attached to shares (viii, ix)

Class/type of shares (if possible using the ISIN code): UK Emerging Companies
Shares: JE00B42J3Y72

Situation previous to the triggering transaction:
Number of Shares: 5,066,000
Number of Voting rights: 5,066,000

Resulting situation after the triggering transaction:
Number of shares:
Direct: 5,216,000
Number of voting rights:
Direct (xi): 5,216,000
Indirect (xii):

% of voting rights (x):
Direct: 20.08%
Indirect: n/a

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Type of financial instrument:

Expiration date (xiii):

Exercise/Conversion Period (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 Financial
Instruments xv, xvi

Resulting situation after the triggering transaction:

Type of financial instrument:

Exercise price:

Expiration date (xvii):

Exercise/Conversion period (xviii):

Number of voting rights instrument refers to:

% of voting rights (xix, xx):

Nominal:

Delta:

Total (A + B + C):

Number of voting rights: 5,216,000

% of voting rights: 20.08%

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

Brookdale International Partners, L.P: 3,759,350 shares (14.47 %)

Brookdale Global Opportunity Fund: 1,456,650 shares (5.61 %)

Proxy Voting:

(10). Name of the proxy holder:


(11). Number of voting rights proxy holder will cease to hold:


(12). Date on which proxy holder will cease to hold voting rights:


(13). Additional information:


(14). Contact name:

Ed Bellew
BlackRock (Channel Islands) Limited
Secretary

(15). Contact telephone number:

01534 600806

16 December 2014