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 7 August 2013 were:

168.74c Capital only USD (cents)
108.75p Capital only Sterling (pence)
168.78c Including current year income USD (cents)
108.78p 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 7 August 2013 were:

149.70c Capital only USD (cents)
96.48p Capital only Sterling (pence)
149.70c Including current year income USD (cents)
96.48p 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.