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 15 December 2015 were:

122.75p  Capital only
124.04p  Including current year income XD

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 420,000 ordinary shares on 08 December 2015,
the Company has 77,069,044 ordinary shares in issue, excluding 23,292,261 which
are held in treasury.