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 13 May 2016 were:

129.84p  Capital only and including debt at par value
123.95p  Capital only and including debt at fair value
131.14p  Including current year income and debt at par value
125.25p  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 400,000 ordinary shares on 04 April 2016,
the Company has 272,507,282 ordinary shares in issue, excluding 18,605,000
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
272,507,282 Ordinary Shares in issue.