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Last checked at 
27 Jan 2011 09:09
BlackRock Absolute Return Strategies Ltd ("the Company") Completion of the December 2010 Share Conversion between Share Classes
The table below summarises the aggregate conversion requests received in respect of the December 2010 Currency Conversion Calculation Date:
Currency of Share Total Shares Currency of Share to to be converted to be be converted tofrom converted US Dollar Sterling Euro US Dollar 30,964 - 20,369 - Total 30,964 - 20,369 - Conversion Ratios
The Currency Conversion Calculation Date was 31 December 2010. On the basis of the net asset values of the Company's Shares as at 31 December 2010 (as previously announced on 26 January 2011) (and using assumed spot currency exchange rates as appropriate at the Currency Conversion Calculation Date), the conversion ratio, calculated in accordance with the Company's Articles of Association, is as follows:
0.65782845 Sterling denominated shares for every one US Dollar denominated share
The following foreign exchange rate as at 31 December 2010 was used:
US$ / GBP 0.6405534
Shareholder CREST accounts for those shareholders for whom conversion requests have been received will be credited with new shares on 28 January 2011.
The Company has made an application to admit 20,369 Sterling denominated Shares to the official list of the UK Listing Authority and to trading on the London Stock Exchange on 28 January 2011.
All enquiries:
Ian WebsterFor BlackRock (Channel Islands) LimitedSecretary
27 January 2011
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