Interim Management Statement

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 March 2010

To the members of BlackRock Latin American Investment Trust plc.

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. It
should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 January 2010 to
31 March 2010, and contains information that covers this period, and up to the
date of publication of this interim management statement. Please note more
detailed performance information is available on the Investment Manager's
website-www.blackrock.co.uk/its.

The Company's objective is to secure long term capital growth primarily through
investing in quoted securities in Latin America. The Company is managed by Will
Landers of BlackRock Investment Management.

Stock Performance

Cumulative Performance(%):
                                         One      Three        One       Five
                                       Month     Months       Year      Years
                                                                       
Net Asset Value                         7.7%       0.5%     125.7%     160.3%
Net Asset Value (bonds at fair value)   7.2%       1.9%        N/A        N/A
Share Price                             7.9%      -1.8%     127.0%     215.0%
MSCI EM Latin America Index             7.1%       1.7%      97.8%     221.6%

All performance figures are in $ on a total return basis.

Ten Largest Equity Holdings at 31 March 2010

Ambév
América Móvil
Banco Bradesco
Cyrela Brazil Realty
Formento Economico
Grupo Televisa
Itaú Unibanco
Petrobrás
Usiminas
Vale

Financial position and performance as at 31 March 2010

Gross Assets (£m)                                357.1
Short term borrowings (£m)                         n/a
Convertible Bond                                  52.7
Net asset value-capital only                   691.74p
Net asset value-cum income                     695.64p
Net asset value-capital only with
bond at fair value                             663.81p
Net asset value-cum income with 
bond at fair value                             667.71p  
Net asset value- cum income with 
bond fully converted                           675.69p
Share Price*                                   663.00p
Ordinary Shares in issue    
(excluding treasury shares)                 43,835,522                          
Actual Gearing**                                  8.4%
Discount to NAV*                                  4.2%
Average discount to NAV for 
3 months to 31 March 2010                         3.5%

*1.51699-USD Exchange Rate Used

**Gearing is calculated using debt at par, less cash and cash equivalents as a
percentage of gross assets

Tender offer

It was announced on 14 January 2010 that the Board had decided not to implement
a semi-annual tender offer in March 2010.

Interim Dividend

A second interim dividend of 12.50 cents per share was declared on 17 February
2010, payable on 14 April 2010 to shareholders on the register on 5 March 2010.

Payment of Bond Interest

The semi annual interest payment in respect of the US$80,000,000 3.5%
Convertible Bonds due 2015 was paid on 15 March 2010.

Annual Financial Report

The Company announced its annual financial results for the year ended 31
December 2009 on 17 February 2010.

Annual General Meeting

At the Company's Annual General Meeting held on 11th May 2010, all resolutions
were passed, including an ordinary resolution in respect of the continuation
of the Company.

Directorate

Mr Mailson da Nobrega retired as a Director of the Company at the conclusion of
the Annual General Meeting held on 11 May 2010.

Meeting of Holders of the outstanding US$80,000,000 3.5% Convertible Bonds due
2015

At the meeting held on 11th May 2010 the extraordinary resolution in respect
of the redenomination of bonds into units of US$1,000 was passed.

Shares held in treasury

The Company cancelled 3,554,231 shares held in treasury with effect from 
1 April 2010. The Company does not currently hold any shares in treasury.

Material Events and transactions

There were no other material events or transactions, except as disclosed,
during the three months to 31 March 2010, nor was the Company involved in any
other material transactions during the period except the purchase and sale of
securities undertaken in the normal course of its business.

The Board is not aware of any material events or transactions, except as
disclosed herein, occurring between 31 March 2010 and the date of publication
of this interim management statement which would have a material impact on the
financial position of the Company.

Latest information is available by typing, www.blackrock.co.uk/its on the
internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV
terminal).

Contact details:

Barbara Powley
Company Secretary
Tel: [phone]

11 May 2010