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 February 2016 were:

117.21p  Capital only
118.77p  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 250,000 ordinary shares on 11 February 2016,
the Company has 75,259,044 ordinary shares in issue, excluding 25,102,261 which
are held in treasury.