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 March 2016 were:

127.37p  Capital only
128.49p  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 50,000 ordinary shares on 14 March 2016, the
Company has 72,199,044 ordinary shares in issue, excluding 28,162,261 which are
held in treasury.