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 20 November 2015 were:
139.02p  Capital only and including debt at par value 
133.85p  Capital only and including debt at fair value 
141.93p  Including current year income and debt at par value 
136.76p  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.