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 20 January 2016 were:

118.35p  Capital only
119.53p  Including current year income

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 125,000 ordinary shares on 20 January 2016,
the Company has 76,739,044 ordinary shares in issue, excluding 23,622,261 which
are held in treasury.