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 7 December 2016 were: 159.07c Capital only USD (cents)126.16p Capital only Sterling (pence)163.79c Including current year income USD (cents)129.90p 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.