Correction : Net Asset Value(s)

The NAVs for BlackRock Latin American Investment Trust plc at the close of
business 14 December 2011 were released incorrectly. Some of the Sterling and
US Cents values were transposed and some NAV values were attributed to the
wrong NAV description.



NET ASSET VALUE - CORRECTION

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 14 December 2011 were:

853.30c per share (US cents) - Capital only with convertible bond at par value
882.16c per share (US cents) - Cum income with convertible bond at par value
842.71c per share (US cents) - Capital only with convertible bond at fair value
871.57c per share (US cents) - Cum income with convertible bond at fair value
853.30c per share (US cents) - Capital only fully diluted for full conversion
of bond
882.16c per share (US cents) - Cum income fully diluted for full conversion of
bond
553.62p per share (pence sterling) Capital only with convertible bond at par
value
572.35p per share (pence sterling) - Cum income with convertible bond at par
value
546.75p per share (pence sterling) - Capital only with convertible bond at fair
value
565.47p per share (pence sterling) - Cum income with convertible bond at fair
value
553.62p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
572.35p per share (pence sterling) - Cum income fully diluted for full
conversion of bond

Notes:

1. Investments have been valued on a bid price basis.

2. The conversion price of the bonds is $8.98 until (but excluding) 15
September 2012 and $9.83 thereafter.

3. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

4. The number of shares in issue is 43,841,312. There are no shares remaining
in treasury.

5. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the BlackRock managed
Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).