Interim Management Statement

BLACKROCK NORTH AMERICAN INCOME TRUST PLC

Interim Management Statement - 3 months to 31 July 2013

To the members of BlackRock North American Income Trust plc

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure and Transparency Rules.
It should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 May 2013 to 31
July 2013, and contains information that covers this period, and up to the date
of publication of this interim management statement.

The Company will invest predominantly in a diversified portfolio of equity
securities quoted in the U.S., with a focus on companies that pay and grow
their dividends. The Company may invest through an active options overlay
strategy utilising predominantly covered call options and may also hold other
securities from time-to-time including, inter alia, convertible securities,
fixed interest securities, preference shares, non-convertible preferred stock,
and depositary receipts.

Financial position as at 31 July 2013

Gross assets (£m)                                                       £99.04m
Net asset value per share (capital only)                                116.22p
Net asset value per share (including income)                            117.23p
Ordinary share price                                                    118.38p
Ordinary shares in issue                                             84,488,500    
Options overwrite                                                        17.48%
Actual gearing                                                             0.0%
Premium to NAV (1)                                                         1.0%
Net yield (2)                                                             1.69%
Target yield (3)                                                          4.00%

1. based on Net Asset Value per share (including income)
   
2. based on dividends of 1p per share each declared on 14 February 2013 and 14
May 2013
   
3. based on issue price of 100p
   
Performance

Cumulative Performance (%):

                                                        Since
                                  One       Three   launch on
                                Month      Months  24 October
                                                         2012
                                                             
Net asset value                 +4.2%       +6.0%      +21.5%
Share price                     +3.4%       +4.4%      +20.5%
Russell 1000 Value Index        +4.3%      +10.0%      +31.1%

Sources: BlackRock and DataStream

All performance figures are in sterling terms including income reinvested.

Country Analysis at 31 July 2013  Total Assets (%)

USA                                   92.6                                         
Canada                                 2.7                                        
Australia                              1.6                                          
Netherlands                            1.4                                          
France                                 1.4                                          
United Kingdom                         1.3                                         
Peru                                   0.2                                         
Net current liabilities               -1.2                                         
                                    100.00

Sector Analysis at 31 July 2013   Total Assets (%)

Financials                            21.2                                          
Energy                                14.0                                          
Industrials                           13.3                                         
Consumer Staples                      12.3                                         
Consumer Discretionary                 9.6                                         
Health Care                            9.1                                         
Materials                              7.0                                         
Utilities                              6.7                                         
Information Technology                 4.5                                         
Telecommunication Services             3.5                                     
Net current liabilities               -1.2                                         
                                    100.00

Ten Largest Investments at 31 July 2013 (in alphabetical order)

Company                     Country of Risk

Ace                                     USA                                         
Chevron                                 USA                                           
Comcast                                 USA                                           
Exxon Mobil                             USA                                           
General Electric                        USA                                          
Home Depot                              USA                                           
JPMorgan Chase                          USA                                          
Merck                                   USA                                           
Pfizer                                  USA                                           
Wells Fargo                             USA

Material Events & Transactions

Share issues

As reported in the Chairman's Statement in the Company's Half Yearly Financial
Report for the period ended 30 April 2013, the Company had issued 11,175,000 
shares since launch. Since 30 April 2013, the Company has issued further shares 
on the following dates, and there are now 84,488,500 shares in issue.

Date             Number of
             shares issued
                          
10.06.13         1,400,000                          
14.06.13           500,000                          
20.06.13           400,000                          
21.06.13         1,013,500                          
24.06.13           400,000                          
25.06.13           450,000                          
01.07.13           150,000                          
05.07.13           200,000                          
08.07.13           350,000                          
11.07.13           150,000                          
17.07.13           500,000                         
23.07.13         2,600,000                          
30.07.13           200,000

Blocklisting application

The Company announced on 11 June 2013 that an application had been made to the
UK Listing Authority and the London Stock Exchange for a further blocklisting
of 6,837,500 Ordinary Shares of one pence each pursuant to the General
Corporate Purposes Scheme. The shares will, when issued, rank pari passu with
the existing shares of the Company.

Half Yearly Financial Report

The Company announced its half yearly financial results for the period from
incorporation to 30 April 2013 on 13 June 2013.

Publication of Supplementary Prospectus

It was announced on 13 June 2013 that the Company had published a Supplementary
Prospectus in connection with the Placing Programme. This document is a
regulatory requirement under the Prospectus Rules following the publication of
the Company's half yearly financial report for the period ended 30 April 2013
and the appointment of Ms Alice Ryder as a Director of the Company on 12 June
2013. This document was approved for publication by the Financial Conduct
Authority.

Appointment of Director

It was announced on 13 June 2013 that the Company had appointed Ms Alice Ryder
as an independent non-executive director of the Company with effect from 12
June 2013.

Dividend declaration

It was announced on 14 May 2013 that the second quarterly interim dividend in
respect of the year to 31 October 2013 of 1.00p per ordinary share had been
declared by the Directors, payable on 2 July 2013 to holders of ordinary shares
on the register at the close of business on 24 May 2013 (ex-dividend date was
22 May 2013). It was announced on 6 August 2013 that the third quarterly
dividend in respect of the year to 31 October 2013 of 1.00p per ordinary share
had been declared by the Directors, payable on 2 October 2013 to holders of
ordinary shares on the register at the close of business on 16 August 2013
(ex-dividend date was 14 August 2013).

Placing Programme and Equity Issue

It was announced on 12 August 2013 that the Company would be putting forward
shareholder proposals for a new placing programme. The Company is also
considering the issue of C Shares, which will include a pre-emptive element, to
meet demand for new and existing investors.

Net Asset Value

The Company announces its NAV on a daily basis, which can be accessed via
www.blackrock.co.uk/brna, under the "News" tab.

The unaudited net asset value for BlackRock North American Income Trust plc at
close of business on 23 August 2013 was:

Capital only 110.44p
Including current year income 110.79p (ex-dividend)

Material events and transactions

The Board is not aware of any other significant events or transactions, except
as disclosed herein, occurring between 31 July 2013 and the date of publication
of this interim management statement which would have a material impact on the
financial position of the Company.

Contact details:
Caroline Driscoll
Company Secretary
BlackRock Investment Management (UK) Limited

Tel: [phone]

27 August 2013

ENDS

Please note that more detailed performance information is available on the
Manager's website: www.blackrock.co.uk/brna. Neither the contents of the
Manager's website nor the contents of any website accessible from hyperlinks on
the Manager's website (or any other website) is incorporated into, or forms
part of, this announcement.