Interim Management Statement

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Interim Management Statement - 4 months to 30 April 2009

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 2009 to
30 April 2009, 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                     22.2%       28.9%     -49.5%     123.0%
Share Price                         23.8%       25.2%     -48.7%     158.4%
MSCI EM Latin America Index         17.5%       23.5%     -44.6%     184.4%

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

Ten Largest Equity Holdings at 30 April 2009

All America
AmBev
America Movil
Banco Bradesco
Banco Itau
Credicorp
CVRD
Grupo Televisa
Petrobras
Redcard

Usinas

Financial position and performance as at 30 April 2009

Gross Assets (£m)                          175.1
Short term borrowings (£m)                   4.5
Net asset value-Capital only             388.86p
Net asset value-Total return             391.61p
Share Price*                             376.00p
Ordinary Shares in Issue              43,835,522
Actual Gearing                              1.0%
Discount to Capital only NAV*               3.3%
Average discount to NAV for 4 
months to 30 April 2009                     6.2%                  

* 1.4818 GBP-USD Exchange Rate Used

Material Events & Transactions

Following the tender offer on 31 March 2009, 3,554,231 shares were bought back
and placed in treasury on 6 April 2009.

There were no other material events or transactions during the three months to
30 April 2009 nor was the Company involved in any material transactions during
the period other than 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 occurring between
30 April 2009 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]

15 May 2009