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 30 November 2018 were:

175.07p  Capital only
175.84p  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 share issuance of 100,000 ordinary shares on 30th of
November 2018, the Company has 69,199,044 ordinary shares in issue, including
31,162,261 which are held in treasury.