BRFI Blackrock Frontiers Investment Trust Plc

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC
5493003K5E043LHLO706

The unaudited net asset values for BlackRock Frontiers Investment Trust PLC at
close of business on 19 March 2021 were:

171.86c Capital only USD (cents)
123.90p Capital only Sterling (pence)
173.79c Including current year income USD (cents)
125.28p 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.        Following the buyback of 35,000 ordinary shares on 17th September
2020, the Company has 241,210,518 ordinary shares in issue, excluding 612,283
which are held in treasury.