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 27 May 2016 were:

131.09p  Capital only and including debt at par value
125.21p  Capital only and including debt at fair value
132.67p  Including current year income and debt at par value
126.79p  Including current year income and debt at fair value

Notes:

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

2.        Following the buyback of 150,000 ordinary shares on 25 May 2016, the
Company has 272,357,282 ordinary shares in issue, excluding 18,755,000 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
272,357,282 Ordinary Shares in issue.