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 12 January 2018 were: 221.54c Capital only USD (cents)161.86p Capital only Sterling (pence)222.28c Including current year income USD (cents) XD162.40p 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 425,000 ordinary shares on 9 January2018, the Company has 182,366,108 ordinary shares in issue .