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 9 December 2015 were:

121.91p  Capital only
123.14p  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 the buyback of 420,000 ordinary shares on 08 December 2015,
the Company has 77,069,044 ordinary shares in issue, excluding 23,292,261 which
are held in treasury.