Net Asset Value(s)

NET ASSET VALUE

BLACKROCK INCOME STRATEGIES TRUST PLC

The unaudited net asset values for the ordinary shares of BlackRock Income
Strategies Trust plc at close of business on 3July 2015 were:
 
139.43p   Capital Only: Debt at par
134.79p   Capital Only: Debt at Fair Value
141.85p   Including current year revenue: Debt at par XD
137.21p   Including current year revenue: Debt at Fair Value XD

Notes:

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

2.  Following the buyback of 1,500,000 ordinary shares on 30 June 2015, the
Company has 282,337,282 ordinary shares in issue
excluding 8,775,000 which are held in treasury.

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

4.  The unaudited NAV above has been calculated on the basis of 284.837,282
Ordinary Shares in issue.