Net Asset Value(s)

NET ASSET VALUE

BLACKROCK INCOME STRATEGIES TRUST PLC

The unaudited net asset values for BlackRock Income Strategies Trust PLC at
close of business on 16 December 2015 were:

136.35p  Capital only and including debt at par value
131.36p  Capital only and including debt at fair value
138.68p  Including current year income and debt at par value
133.68p  Including current year income and debt at fair value

Notes:

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

2.        Following the issue of shares of 200,000 ordinary shares on 20
October 2015, the Company has 274,637,282 ordinary shares in issue,
          excluding 16,475,000 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
274,637,282 Ordinary Shares in issue.