Net Asset Value(s)

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Frontiers Investment Trust plc at
close of business 21 June 2013 were:

157.10c Capital only USD (cents)
102.08p Capital only Sterling (pence)
157.10c Including current year income USD (cents) XD
102.08p Including current year income Sterling (pence) XD

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 shares in issue is 94,766,267.