Net Asset Value(s)

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 21 August 2013 were:

170.43c Capital only USD (cents)
108.63p Capital only Sterling (pence)
170.54c Including current year income USD (cents)
108.70p 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 21 August 2013 were:

149.27c Capital only USD (cents)
95.14p Capital only Sterling (pence)
149.35c Including current year income USD (cents)
95.20p 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.NET ASSET VALUE