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 15 July 2016 were:

127.23p  Capital only and including debt at par value
119.99p  Capital only and including debt at fair value
128.61p  Including current year income and debt at par value XD
121.37p  Including current year income and debt at fair value XD

Notes:

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

2.        Following the buyback of 375,000 ordinary shares on 13 July 2016, 
the Company has 270,387,282 ordinary shares in issue, excluding 20,725,000 
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 
270,387,282 Ordinary Shares in issue.