Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES OF AMERICA,
CANADA, AUSTRALIA OR JAPAN.

BLACKROCK NORTH AMERICAN INCOME TRUST plc (the 'Company')

Tender offer to purchase up to 20 per cent. of the ordinary shares in issue of
the Company

As part of their discount control mechanism, the Directors have resolved to
implement the next semi-annual tender offer. Over the six months to 31 October
2014, the average discount to the cum income net asset value ('NAV') was 5.9%
and ranged from a discount of 9.4% to a discount of 0.7%. The tender offer will
enable shareholders to tender all or part of their ordinary shares for cash,
subject to a maximum of 20 per cent. in aggregate of the ordinary shares in
issue. The tender offer calculation date will be 2 February 2015 (being the
next business day to 31 January 2015), and the tender price will be 98 per
cent. of the prevailing net asset value per share. The record date for
shareholders for this tender offer is the close of business on 6 November 2014.

The Board intends to post a circular to shareholders with the annual report and
accounts containing details of the tender offer and the procedure for tendering
shares. The outcome and conclusions of this review will be included in the annual report
and accounts for the year ended 31 October 2014 which are expected to be published on 19
December 2014.

6 November 2014

Enquiries:

BlackRock Investment Management (UK) Limited
Jonathan Ruck Keene - 020 7743 2178
Caroline Driscoll - 020 7743 2427

Cenkos Securities plc
Will Rogers - 020 7397 1920
Sapna Shah - 020 7397 1922