Net Asset Value(s)

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC

ORDINARY SHARES

The unaudited net asset values for the ordinary shares of BlackRock Frontiers
Investment Trust plc at close of business on 3 March 2016 were:

151.03c  Capital only USD (cents)
106.69p  Capital only Sterling (pence)
151.34c  Including current year income USD (cents)
106.91p  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.

C SHARES

The unaudited net asset values for the C shares of Blackrock Frontiers
Investment Trust plc at close of business on 3 March 2016 were:

138.08c  Capital only USD (cents)
97.54p  Capital only Sterling (pence)
138.51c  Including current year income USD (cents)
97.84p  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
15,000,001 C Shares in issue.