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 March 2016 were:

128.17p  Capital only
130.13p  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 125,000 ordinary shares on 01 Mar 2016, the
Company has 73,024,044 ordinary shares in issue, excluding 27,337,261 which are
held in treasury.