Holding(s) in Company

26 Mar 2012 11:58

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 Absolute Return Strategies Ltd

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

An acquisition or disposal of voting rights: ( )

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: ( )

Other (please specify) : ( x ) Change in the number of total voting rights

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

JPMorgan Chase & Co

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

J.P. Morgan Securities Ltd

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

n/a

(6). Date on which issuer notified:

21 March 2012 (revised TR1 received on 26 March 2012)

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

10%(8). Notified details:

A: Voting rights attached to shares Class/type of shares (if possible using the ISIN code): denominated shares of no par value - GBP JE00B7GVN842

Situation previous to the triggering transaction(vi): Number of Shares: N/A Number of Voting rights: N/A

Resulting situation after the triggering transaction(vii):Number of shares:Direct:Number of voting rights (ix):Direct (x):Indirect (xi): 325,746% of voting rights:Direct:Indirect: 10.07%B. Financial Instruments

Resulting situation after the triggering transaction (xii):

Type of financial instrument:

Expiration date (xiii):

Exercise/Conversion Period/Date (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 Instruments (xv), (xvi)

Resulting situation after the triggering transaction:

Type of financial instrument:

Exercise Price:

Expiration date (xvii):

Exercise/Conversion Period/Date (xviii):

Number of voting rights instrument refers to:

% of voting rights (xix) (xx):

Nominal:Delta:Total (A + B + C):

Number of voting rights: 325,746

% of voting rights: 10.07%

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

Total disclosable holding for JPMorgan Chase & Co: 325,746 (10.07%) J.P. Morgan Securities Ltd 325,746 (10.07%)

Proxy Voting:

(10). Name of the proxy holder:

N/A

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

N/A

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

N/A(13). Additional information:N/A(14). Contact name:Mrs K V HigginsFor BlackRock Investment Management (UK) LimitedSecretary

(15). Contact telephone number:

020 7743 1089

26 March 2012