Statement re Fund Management Team

BLACKROCK NORTH AMERICAN INCOME TRUST PLC Fund Management Team The Board of BlackRock North American Income Trust plc (the "Company") is pleased to announce that Tony DeSpirito has been appointed with immediate effect as a co-manager of the Company's portfolio alongside Bob Shearer and Kathleen Anderson. The investment objective and philosophy of the Company will not change and it will continue to seek income growth and superior risk-adjusted returns. DeSpirito joins BlackRock as Managing Director and, together with Bob Shearer, Co-Head of BlackRock's Equity Dividend team. He will also be co-portfolio manager for the BlackRock equity dividend strategies and related portfolios (with AUM of US$49.6 bn), responsible for portfolio construction and for oversight of investment team personnel. For the last 18 years, DeSpirito has been with Pzena Investment Management where he was Managing Principal, Portfolio Manager and a member of the firm's Executive Committee. DeSpirito's appointment reflects BlackRock's commitment to investment excellence and to investing in its portfolio management teams. The depth and breadth of his experience will be an asset to BlackRock's investors and to the team. 5 August 2014 For further information, please contact: Jonathan Ruck Keene - 020 7743 2178 BlackRock Investment Management (UK) Limited
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