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 22 July 2016 were:

128.12p  Capital only and including debt at par value
120.74p  Capital only and including debt at fair value
129.63p  Including current year income and debt at par value XD
122.25p  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 1,600,000 ordinary shares on 21 July 2016,
the Company has 267,287,282 ordinary shares in issue, excluding 23,825,000
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
267,287,282 Ordinary Shares in issue.