Conversion of Securities

17 Jun 2010 10:41

BLACKROCK ABSOLUTE RETURN STRATEGIES LTD ("the Company") Conversion of Shares

The Company announces that it has received Conversion Notices in respect of the 30 June 2010 Currency Conversion Calculation Date from shareholders as follows:

Shares converting from:

Euro denominated Shares to Sterling denominated Shares 121,964Sterling denominated Shares to Euro denominated Shares 733

Conversion will occur within 30 days of the currency Conversion Calculation Date, prior to which the Company will announce the conversion ratios to be used.

Enquiries: Ian WebsterCompany SecretaryBlackRock (Channel Islands) LimitedTel: 015 3460 0802

Date: 17 June 2010