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 28 August 2020 were:

131.97c  Capital only USD (cents)
98.99p  Capital only Sterling (pence)
134.03c  Including current year income USD (cents)
100.53p  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 buyback of 10,073 ordinary shares on 27th August 2020,
the Company has 241,612,728 ordinary shares in issue, excluding 210,073 which
are held in treasury