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 15 January 2018 were: 222.66c Capital only USD (cents)161.32p Capital only Sterling (pence)223.39c Including current year income USD (cents) XD161.85p Including current year income Sterling (pence) XD 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 1,000,000 ordinary shares on 15January 2018, the Company has 183,366,108 ordinary shares in issue.