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 on 2 June 2015 were:

180.80c   Capital only USD (cents)
117.97p   Capital only Sterling (pence)
185.70c   Including current year income USD (cents)
121.17p   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 unaudited NAV above has been calculated on the basis of
150,621,621 Ordinary Shares in issue.