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 July 2016 were:

146.92p  Capital only
148.76p  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 22 April 
2016, the Company has 69,549,044 ordinary shares in issue, excluding 
30,812,261 which are held in treasury.