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 16 January 2019 were:

168.41c  Capital only USD (cents)
130.96p  Capital only Sterling (pence)
169.17c  Including current year income USD (cents) XD
131.55p  Including current year income Sterling (pence) XD

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 600,000 ordinary shares on 09th of
January 2019, the Company has 205,916,108 ordinary shares in issue.
UK 100