**Summary of BlackRock Frontiers Investment Trust PLC Tender Offer Results (February 23, 2026)**
BlackRock Frontiers Investment Trust PLC announced the results of its Tender Offer, which closed on February 19, 2026. A total of 25,878,728 Ordinary Shares, representing 13.7% of the issued shares (excluding treasury shares), were validly tendered. The Tender Offer was approved by shareholders at a general meeting on February 23, 2026.
Winterflood, acting as the Company’s broker, will now seek to sell the tendered shares to Incoming Investors at the Investment Price, based on the Net Asset Value (NAV) per share as of the Calculation Date (February 23, 2026). The Company’s assets and liabilities will be allocated between the Continuing Pool and the Tender Pool, with the Tender Pool bearing all costs associated with asset realisation and share repurchases.
The Final Tender Offer Asset Value will be determined after all Tender Pool assets (excluding cash) are realised, with the Tender Price calculated by dividing this value by the total number of tendered shares. Shareholders are reminded that the Final Tender Offer Asset Value may fluctuate due to asset realisation costs, foreign exchange movements, and changes in asset values.
Key dates include
**Calculation Date**: February 232026 (close of business).
**Trade date for On-Sale Shares**February 24, 2026.
**Tender Price announcement and payments**: As soon as practicable after Tender Pool realisation begins.
The Tender Offer is not available to shareholders in restricted jurisdictions, including Australia, Canada, Japan, New Zealand, South Africa, and EEA member states. U.S. shareholders are advised that the Tender Offer is subject to UK disclosure requirements, which differ from U.S. regulations, and enforcement of rights under U.S. securities laws may be challenging.
Further announcements regarding the Tender Price will be made in due course.
**Key Contacts**
BlackRock Investment Management (UK) Limited: Sarah Beynsberger, Lucy Dina (020 7743 3000).
Winterflood Securities LimitedNeil Morgan, Sophia Bechev (020 3100 0292).
**Disclaimer** The announcement contains forward-looking statements subject to risks and uncertainties. Shareholders are advised to review publicly available information independently before participating in the Tender Offer.