Directorate Change

Merrill Lynch Latin American Investment Trust PLC

Directorate

The Board of Merrill Lynch Latin American Investment Trust PLC announces with
great regret that Mr Fred Packard has decided to retire as a director of the
Company with effect from 31 December 2007. Mr Packard was a cofounder of the
Company and has served as a director since its launch in 1990. He has made an
invaluable contribution to the Company throughout his tenure.

The Board is delighted to announce the appointment of Mr. Antonio Monteiro de
Castro as a non executive director of the Company with immediate effect.

Mr Monteiro de Castro has extensive Latin American experience. He has been the
Chief Operating Officer of British American Tobacco ("BAT"), the world's second
largest publicly traded tobacco group, since January 2004 and has served as a
director of BAT since March 2002. He will be retiring as an executive officer
of BAT at the end of 2007.

He joined BAT in 1996 as the Regional Director for Latin America and the
Caribbean having served as Vice President of Souza Cruz SA, the Brazilian
subsidiary of BAT, since 1989. He became President and CEO of Souza Cruz SA in
1991 and served in such capacity until 1995. Mr. Monteiro de Castro joined the
Board of Reynolds American Inc on July 30, 2004. He is also the non executive
chairman of Clean Energy Brazil plc and a member of the board of the Getulio
Vargas Foundation.

Mr. Monteiro de Castro does not have any interest in the Company's shares at
the date of his appointment.

The following details in respect of Mr. Monteiro de Castro require disclosure
under paragraph 9.6.13 R of the Listing Rules.

(1) Current directorships:

British American Tobacco p.l.c.

Non Executive Chairman - Clean Energy Brazil plc

Reynolds American Inc (a company listed in the NYSE)

Non Executive Chairman of Souza Cruz SA (a company listed in the BOVESPA Stock
Exchange in Brazil)

(2) None

(3) None

(4) British American Racing (Holdings) Limited Appointed 27/11/1997.

Voluntary Arrangement. Company Dissolved 12/09/2006.

(5) On 30 October 2000, the UK Secretary of State for Trade and Industry
announced the commencement of a confidential investigation into allegations of
involvement in tobacco smuggling by British American Tobacco p.l.c. under
Section 447 of the Companies Act 1985. On 26 March 2004 the Trade and Industry
Secretary announced that the DTI would be taking no further action following
its investigation into the affairs of British American Tobacco p.l.c. as no
evidence of illegal activity was found.


Enquiries:

Mrs A B Powley
BlackRock Investment Management (UK) Limited

Tel: [phone]

12 November 2007