Net Asset Value(s)

NET ASSET VALUE

BLACKROCK NORTH AMERICAN INCOME TRUST PLC

The unaudited net asset values for BlackRock North American Income Trust plc at
close of business on 14 January 2016 were:

120.59p  Capital only
122.27p  Including current year income

Notes:

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

2.       Revenue items included in net asset value, with dividends payable
deducted on the ex-dividend date.

3.       Following the buyback of 80,000 ordinary shares on 17 December 2015,
the Company has 76,989,044 ordinary shares in issue, excluding 23,372,261 which
are held in treasury.