Net Asset Value(s)

NET ASSET VALUE BLACKROCK FRONTIERS INVESTMENT TRUST PLC5493003K5E043LHLO706 The unaudited net asset values for BlackRock Frontiers Investment Trust PLC atclose of business on 15 January 2021 were: 169.13c Capital only USD (cents)124.53p Capital only Sterling (pence)170.15c Including current year income USD (cents) XD125.28p 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 buyback of 35,000 ordinary shares on 17th September2020, the Company has 241,210,518 ordinary shares in issue, excluding 612,283which are held in treasury