BCAP.L Regulatory News (BCAP)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Better Capital PCC Limited

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 qualifying 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

X

Other (please specify):

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

BlackRock UK Absolute Alpha Fund

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

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

10th April 2012

6. Date on which issuer notified:

11th April 2012

7. Threshold(s) that is/are crossed orreached: vi, vii

Holding has gone below 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GG00B5885941

12,209,884

12,209,884

10,177,249

10,177,249

N/A

Below 3%

N/A

*Situation previous disclosure is based upon share capital of 206,708,952 while the resulting situation disclosure is based upon share capital of 395,399,216

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

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

Percentage of voting rights

10,177,249

Below 3%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

BlackRock International Threshold Reporting Team

14. Contact name:

Andrew Manchester

15. Contact telephone number:

020 7743 5773; andrew.manchester@blackrock.com

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

BlackRock, Inc.

Contact address

(registered office for legal entities)

12 Throgmorton Avenue, London, EC2N 2DL

Phone number & email

020 7743 5773; andrew.manchester@blackrock.com

Other useful information

(at least legal representative for legal persons)

Andrew Manchester

B: Identity of the notifier, if applicable

Full name

BlackRock, Inc.

Contact address

12 Throgmorton Avenue, London, EC2N 2DL

Phone number & email

020 7743 5773; andrew.manchester@blackrock.com

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

Andrew Manchester

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.