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 1 December 2015 were:

125.88p  Capital only
126.99p  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 1,250,000 ordinary shares on 01 December
2015, the Company has 77,489,044 ordinary shares in issue, excluding 22,872,261
which are held in treasury.