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 18 September 2013 were:

167.84c Capital only USD (cents)
105.10p Capital only Sterling (pence)
168.29c Including current year income USD (cents)
105.38p 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 18 September 2013 were:

147.63c Capital only USD (cents)
92.45p Capital only Sterling (pence)
147.88c Including current year income USD (cents)
92.60p 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.