Net Asset Value(s)

NET ASSET VALUE

BLACKROCK NORTH AMERICAN INCOME TRUST PLC
549300WWOCXSC241W468

The unaudited net asset values for BlackRock North American Income Trust plc at
close of business on 28 November 2018 were:

175.44p  Capital only
177.38p  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 share issuance of 125,000 ordinary shares on the 26th
November 2018, the Company has 69,099,044 ordinary shares in issue, including
31,262,261 which are held in treasury.