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 21 January 2020 were:

189.26p  Capital only
191.01p  Including current year income

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 250,000 ordinary shares on 17th
January 2020, the Company has 81,004,044 ordinary shares in issue, excluding
19,357,261  which are held in treasury.