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 28 July 2014 were: 199.54c Capital only USD (cents)117.37p Capital only Sterling (pence)203.27c Including current year income USD (cents)119.56p 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 deductedon the ex-dividend date. 3. The unaudited NAV above has been calculated on the basis of 150,621,621Ordinary Shares in issue.