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 February 2016 were:

122.07p  Capital only
123.34p  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 50,000 ordinary shares on 29 January 2016,
the Company has 75,989,044 ordinary shares in issue, excluding 24,372,261 which
are held in treasury.