BLACKROCK FRONTIERS INVESTMENT TRUST PLC: Net Asset Value(s)

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Frontiers Investment Trust plc at close of business 12 November 2012 were:

133.03c Capital only USD (cents) 83.84p Capital only Sterling (pence) 136.06c Including current year income USD (cents) 85.75p Including current year income Sterling (pence)

Notes:

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. The number of shares in issue is 94,766,267.

-0- Nov/13/2012 16:33 GMT