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 13 September 2013 were:

167.05c Capital only USD (cents)
105.29p Capital only Sterling (pence)
167.45c Including current year income USD (cents)
105.54p 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 13 September 2013 were:

147.44c Capital only USD (cents)
92.93p Capital only Sterling (pence)
147.66c Including current year income USD (cents)
93.07p 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.