Net Asset Value(s)

NET ASSET VALUE

BLACKROCK NORTH AMERICAN INCOME TRUST PLC

The unaudited net asset values for BlackRock North American Income Trust plc at
close of business on 29 October 2013 were:

111.77p Capital only
111.87p Including current year income 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 conversion of the Company's C Shares into Ordinary Shares and the
issue of 250,000 new Ordinary Shares on 23 October 2013, the unaudited NAV has
been calculated on the basis of 98,761,305 Ordinary Shares in issue.