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 29 January 2019 were:

162.55p  Capital only
164.14p  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 29th of
January 2019, the Company has 70,149,044 ordinary shares in issue, excluding
30,212,261 which are held in treasury.