Net Asset Value(s)

NET ASSET VALUE BLACKROCK NORTH AMERICAN INCOME TRUST PLC The unaudited net asset values for BlackRock North American Income Trust plc atclose of business on 11 November 2014 were: 121.39p Capital only122.78p Including current year income 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 has been calculated on the basis of 100,361,305 OrdinaryShares in issue.