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 4 February 2019 were:

166.62p  Capital only
168.43p  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 100,000 ordinary shares on 04th
February 2019, the Company has 70,249,044 ordinary shares in issue, excluding
30,112,261 which are held in treasury.