Net Asset Value(s)

NET ASSET VALUE BLACKROCK FRONTIERS INVESTMENT TRUST PLC5493003K5E043LHLO706 The unaudited net asset values for the ordinary shares of BlackRock FrontiersInvestment Trust plc at close of business on 14 May 2020 were: 110.84c Capital only USD (cents)90.86p Capital only Sterling (pence)113.50c Including current year income USD (cents)93.04p 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. Following the share issuance of 300,000 ordinary shares on 02ndJanuary 2020, the Company has 241,822,801 ordinary shares inissue.