NET ASSET VALUE
BLACKROCK FRONTIERS INVESTMENT TRUST PLC
The unaudited net asset values for the ordinary shares of BlackRock Frontiers
Investment Trust plc at close of business on 4 February 2014 were:
186.63c Capital only USD (cents)
114.66p Capital only Sterling (pence)
187.02c Including current year income USD (cents)
114.77p Including current year income Sterling (pence)
1. Investments have been valued on a bid price basis.
2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.
3. Following conversion of the Company's C shares into Ordinary Shares on 25
September 2013, the unaudited NAV above has been calculated on the basis of
150,621,621 Ordinary Shares in issue.