Interim Management Statement

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 30 September 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 July 2010 to 
30 September 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                  10.7%      21.8%      33.0%     171.5%
Net Asset Value (bonds at
fair value)                      13.2%      29.0%      28.8%        N/A
Share Price                       8.9%      13.3%      31.4%     195.1%
MSCI EM Latin America Index       7.8%      14.9%      23.7%     170.7%

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

Ten Largest Equity Holdings at 30 September 2010

Ambév
América Móvil
Banco Bradesco
Creditcorp
Cyrela Brazil Realty
Fomento Economico Mexicano
Itaú Unibanco
OGX Petroleoegas
Petrobrás
Vale

Financial position and performance as at 30 September 2010

Gross Assets (£m)                                378.1
Short term borrowings (£m)                         n/a
Convertible Bond                                  60.4
Net asset value-capital only                   737.02p
Net asset value-cum income                     747.99p
Net asset value-capital only with
bond at fair value                             706.21p                     
Net asset value-cum income with
bond at fair value                             717.18p                       
Net asset value- cum income with
bond fully converted                           715.92p                      
Share Price*                                   694.50p
Ordinary Shares in issue    
(excluding treasury shares)                 43,835,522                          
Actual Gearing**                                 10.1%
Discount to NAV*                                  5.8%
Average discount to NAV for  
3 months to 30 September 2010                     3.4%                        

*1.5758 - 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 8 July 2010 that the Board had decided not to implement a
semi-annual tender offer in September 2010.

Interim Dividend

An interim dividend of 5.00 cents per share was declared on 3 August 2010,
payable on 24 September 2010 to shareholders on the register on 13 August 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 September 2010.

Half Yearly Financial Report

The Company announced its half yearly financial results for the period ended 30
June 2010 on 3 August 2010.

Material Events and transactions

There were no other material events or transactions, except as disclosed,
during the three months to 30 September 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 30 September 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]

1 November 2010