Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): BlackRock Latin American Investment Trust plc (2). Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights: (X) An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( X ) An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( X ) An event changing the breakdown of voting rights: ( X ) Other (please specify) : ( ) (3). Full name of person(s) subject to the notification obligation (iii): Advance Developing Markets Trust plc (4). Full name of shareholder(s) (if different from 3.) (iv): Nortrust Nominees Limited (5). Date of the transaction (and date on which the threshold is crossed or reached if different) (v): (6). Date on which issuer notified: 16 October 2009 (7). Threshold(s) that is/are crossed or reached: No movement but participation in the bond placing has altered the breakdown (8). Notified details: A: Voting rights attached to shares (viii) (ix) Class/type of shares (if possible using the ISIN code): Ord USD0.10 / GB0005058408 Situation previous to the triggering transaction(vi): Number of Shares: 3,107,820 Number of Voting rights(viii): 3,107,820 Resulting situation after the triggering transaction(vii): Number of shares: Direct: 3,007,820 Number of voting rights (ix): Direct (x): 3,007,820 Indirect (xi): n/a % of voting rights(x): Direct: 5.70% Indirect: n/a B. Qualifying Financial Instruments Resulting situation after the triggering transaction (xii): Type of financial instrument: GB00B3WB3026 Expiration date (xiii): 1 September 2015 Exercise/Conversion Period/Date (xiv): Number of voting rights that may be acquired if the instrument is exercised/ converted: 1,180,401 % of voting rights: 2.24% C. Financial Instruments with similar economic effect to Qualifying Instruments (xv), (xvi) Resulting situation after the triggering transaction: Type of financial instrument: Exercise Price: Expiration date (xvii): Exercise/Conversion Period/Date (xviii): Number of voting rights instrument refers to: % of voting rights (xix) (xx): Nominal: Delta: Total (A + B + C): Number of voting rights: 4,188,221 % of voting rights: 7.94% (9). Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): n/a Proxy Voting: (10). Name of the proxy holder: n/a (11). Number of voting rights proxy holder will cease to hold: n/a (12). Date on which proxy holder will cease to hold voting rights: n/a (13). Additional information: n/a (14). Contact name: Mrs A B Powley For BlackRock Investment Management (UK) Limited Secretary (15). Contact telephone number: 020 7743 5610 16 October 2009
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