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 30 June 2020 were:

123.96c  Capital only USD (cents)
100.32p  Capital only Sterling (pence)
124.78c  Including current year income USD (cents)
100.99p  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 300,000 ordinary shares on 02nd January 2020, the Company has 241,822,801 ordinary shares in issue.