Net Asset Value(s)

NET ASSET VALUE BLACKROCK FRONTIERS INVESTMENT TRUST PLC The unaudited net asset values for the ordinary shares of BlackRock FrontiersInvestment Trust plc at close of business on 21 December 2016 were: 158.81c Capital only USD (cents)128.34p Capital only Sterling (pence)163.52c Including current year income USD (cents)132.14p 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 payablededucted on the ex-dividend date. 3. The unaudited NAV above has been calculated on the basis of164,333,108 Ordinary Shares in issue.