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 July 2016 were:

128.08p  Capital only and including debt at par value
120.74p  Capital only and including debt at fair value
129.55p  Including current year income and debt at par value XD
122.21p  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 1,000,000 ordinary shares on 20 July 2016,
the Company has 268,887,282 ordinary shares in issue, excluding 22,225,000
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
268,887,282 Ordinary Shares in issue.