Net Asset Value(s)

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC
5493003K5E043LHLO706

The unaudited net asset values for the ordinary shares of BlackRock Frontiers
Investment Trust plc at close of business on 23 July 2018 were:

185.55c  Capital only USD (cents)
141.50p  Capital only Sterling (pence)
191.22c  Including current year income USD (cents)
145.82p  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.     Following the share issuance of 150,000 ordinary shares on 19 July 2018,
the Company has 198,541,108 ordinary shares in issue.
 
UK 100

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