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: ( )

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

(3). Full name of person(s) subject to the notification obligation (iii):

Advance Developing Markets Fund Ltd

(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):

21 September 2012

(6). Date on which issuer notified:

24 September 2012 (reissued after close of business on 26 September 2012)

(7). Threshold(s) that is/are crossed or reached:

>9% (Ordinary Shares)

(8). Notified details:

A: Voting rights attached to shares (viii) (ix)

Class/type of shares (if possible using the ISIN code): ORDINARY SHARES /
GB0005058408

Situation previous to the triggering transaction(vi):
Number of Shares: 3,652,874
Number of Voting rights(viii): 3,652,874

Resulting situation after the triggering transaction(vii):
Number of shares:
Direct: 3,772,874
Number of voting rights (ix):
Direct (x): 3,772,784
Indirect (xi): n/a

% of voting rights(x):
Direct: 9.08%
Indirect: n/a

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction (xii):

Type of financial instrument: CONVERTIBLE BOND

Expiration date (xiii): 01/09/15

Exercise/Conversion Period/Date (xiv):

Number of voting rights that may be acquired if the instrument is exercised/
converted: 1,078,332

% of voting rights: 2.59%

C. Financial Instruments with similar economic effect to Qualifying Instruments
(xv), (xvi)

Resulting situation after the triggering transaction:

Type of financial instrument: Nil

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: 4,851,206

% of voting rights: 11.67%

(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:

Advance Emerging Capital Ltd is investment manager to Advance Developing
Markets Fund Ltd

(14). Contact name:

Barbara Powley
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 5610


27 September 2012