BLACKROCK HEDGE SELECTOR LTD: Statement re Cash Fund Share Class

Further to the announcement made on 6 November 2012 that the Cash Fund Share
Class is no longer compliant with the "Public Hands" requirements of the UK
Listing Rules, the Board announces that, subject to the requisite regulatory
approvals and clearances being obtained, and pursuant to the Company's Articles
of Association, it currently intends to compulsorily redeem all Cash Fund
Shares in issue after the next share conversion between the UK Emerging Company
Shares and the Cash Fund Shares has been implemented on 31 December 2012. This
compulsory redemption is expected to be completed in January 2013.
Consequently, it will not be possible for shareholders to elect to convert UK
Emerging Company Shares in to Cash Fund Shares at the March 2013 conversion
date (the deadline for which has previously been announced as 19 January 2013),
or to make subsequent conversion elections. 
The Board recognises the importance that shareholders place on the liquidity
and discount control mechanism provided by the Cash Fund switching facility.
Given the developments outlined above, the Board is considering proposals for
an enhanced discount control and liquidity mechanism and a further announcement
will be made as soon as practicable. 
Ian Webster - 01534 600 802
BlackRock (Channel Islands) Limited 
Will Rogers- 0207 397 1920
-0- Nov/15/2012 16:54 GMT
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