Correction : Net Asset Value(s)

CORRECTION TO NAV – This announcement replaces the one released yesterday. The
C share NAV’s were unfortunately duplicated into the Ordinary share NAV
section. This has now been updated to reflect the true NAVs for the Ordinary
shares as at 16 August 2013.

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC

The unaudited net asset values for the ordinary shares of BlackRock Frontiers
Investment Trust plc at close of business 16 August 2013 were:

169.07c Capital only USD (cents)
108.29p Capital only Sterling (pence)
169.22c Including current year income USD (cents)
108.39p Including current year income Sterling (pence)

The unaudited net asset values for the C shares of BlackRock Frontiers
Investment Trust plc at close of business 16 August 2013 were:

149.15c Capital only USD (cents)
95.53p Capital only Sterling (pence)
149.23c Including current year income USD (cents)
95.58p Including current year income Sterling (pence)

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. The number of ordinary shares in issue is 94,766,267 and the number of C
shares in issue is 63,566,000.