Result of Tender offer

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

3 February 2015

BlackRock North American Income Trust plc

Results of the Tender Offer

Background

On 6 November 2014 the Board announced that it had resolved to implement a
tender offer for up to 20 per cent. of the Company's issued Ordinary Shares as
at close of business on 6 November 2014 (20,072,261 Ordinary Shares).

The Tender Offer was oversubscribed with 26,792,763 Ordinary Shares (26.69 per
cent. of the issued Ordinary Shares) being tendered. Shareholders who tendered
shall have their basic entitlement (20 per cent. of their shares) satisfied in
full and their election for further shares will be scaled-back pro rata with
each shareholder receiving 61.3269 per cent. of their election for further
shares. All tendered Ordinary Shares will be held in Treasury.

The Company currently holds no Ordinary Shares in Treasury. Following
implementation of the Tender Offer the Company will have 100,361,305 shares in
issue which will include 20,072,261 Ordinary Shares held in Treasury.

Following the Tender Offer the number of Ordinary Shares that the Company has
in issue, less the total number of Ordinary Shares held by the Company in
Treasury, will be 80,289,044.

Tender Price

The Tender Price calculated as at close of business on 2 February 2015 (the
"Calculation Date") was 123.24 pence per Ordinary Share.

Payments through CREST, in the case of uncertificated holders, are expected to
be paid on or as soon as practicable after 9 February 2015.

Payments to Shareholders by cheque, in the case of certificated holders, are
expected to be paid on or as soon as practicable after 9 February 2015.
Balancing share certificates will be despatched on or as soon as practicable
after 9 February 2015.

Definitions

Terms defined in the Company's circular of 19 December 2014 have the same
meaning when used herein unless the context otherwise requires.

Enquiries

BlackRock Investment Management (UK) Limited
Simon White 020 7743 5284
Caroline Driscoll 020 7743 2427

Cenkos Securities
Will Rogers 020 7397 1920
Sapna Shah 020 7397 1922

Cenkos Securities is acting for the Company in connection with the Tender Offer
and no one else and will not be responsible to anyone other than the Company
for providing the protections offered to clients of Cenkos Securities nor for
providing advice in relation to the Tender Offer.