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 5 January 2018 were: 214.34c Capital only USD (cents)158.04p Capital only Sterling (pence)215.10c Including current year income USD (cents) XD158.59p 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 250,000 ordinary shares on 5 January2018, the Company has 181,941,108 ordinary shares in issue.