Tender Offer

BLACKROCK NORTH AMERICAN INCOME TRUST PLC (the "Company")

The Board of BlackRock North American Income Trust plc (the "Company")
announces that it has decided not to implement a semi-annual tender offer in
July 2014.

In the period from 1 November 2013 to 13 May 2014 the Company's shares have
traded at an average discount to the cum income NAV of 1.15%. Given that this
is better than a discount of 2% to NAV, the price at which any tender offer
would be made, the Board has concluded that it is not in the interests of
shareholders to implement the tender offer as at 31 July 2014.

C Driscoll
BlackRock Investment Management (UK) Limited
Secretary

Tel: [phone]

14 May 2014