BRNS Blackrock New S

BlackRock New Energy Investment Trust plc

Conversion of Subscription Shares

The Board of BlackRock New Energy Investment Trust plc announces that it has
issued, subject to listing, 11,624 Ordinary Shares following the exercise of
Subscription Share Rights by 4 holders of Subscription Shares. The Ordinary
Shares will rank pari passu with the existing Ordinary Shares.

It is expected that admission to the Official List and commencement of
dealings in the Ordinary Shares on the London Stock Exchange will take place
at 8.00 a.m. on 6 February 2014.

Following admission, there will be 235,000,192 Ordinary Shares and 45,599,619
Subscription Shares in issue.

3 February 2014

For further information, please contact:
Kerry Higgins
BlackRock Investment Management (UK) Limited - Company Secretary
Telephone 0207 743 1089