Net Asset Value(s)

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC
5493003K5E043LHLO706

The unaudited net asset values for the ordinary shares of BlackRock Frontiers
Investment Trust plc at close of business on 04 September 2020 were:

131.03c  Capital only USD (cents)
99.20p  Capital only Sterling (pence)
133.11c  Including current year income USD (cents)
100.78p  Including current year income Sterling (pence)

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 buyback of 46,486 ordinary shares on 2nd September
2020, the Company has 241,566,242 ordinary shares in issue, excluding 256,559
which are held in treasury