How to manage restricted list on facebook

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Here are the steps that you currently need to find it. Note, however, that Facebook frequently changes their UI, so these steps may become outdated as some point in the future.

1. Go to the lock icon in the upper-right corner, and click See More Settings:
   
2. Click on the Blocking tab on the left, then click Edit List in the Restricted List section at the top:
   

You will then see a popup dialog with everyone on your Restricted List. You can also add and remove people from the list through this dialog.