BRNA Blackrock North American Income Trust Plc

NET ASSET VALUE

BLACKROCK NORTH AMERICAN INCOME TRUST PLC
549300WWOCXSC241W468

The unaudited net asset values for BlackRock North American Income Trust plc at
close of business on 4 December 2019 were:

180.88p  Capital only
182.17p  Including current year income XD

Notes:

1.       Investments have been valued on a bid price basis.

2.       Revenue items included in net asset value, with dividends payable
deducted on the ex-dividend date.

3.          Following the share issuance of 150,000 ordinary shares on 04th
December 2019, the Company has 80,304,044 ordinary shares in issue, excluding
20,057,261  which are held in treasury.