Interim Management Statement

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 March 2011

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 2011 to
31 March 2011, and contains information that covers this period, and up to the
date of publication of this interim management statement

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                         3.7%      -2.2%      18.4%     111.8%
Net Asset Value (bonds at fair value)   3.9%      -1.6%      16.8%        N/A
Share Price                             3.1%      -4.8%      14.1%     103.4%
MSCI EM Latin America Index             3.6%       0.9%      14.1%     115.6%

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

Ten Largest Equity Holdings at 31 March 2011

AmBev
América Móvil
Banco Bradesco
CCR
Fomento Economico Mexicano
Grupo Televisa
Itau Unibanco
OGX Petroleoegas
Petrobrás
Vale

Financial position and performance as at 31 March 2011

Gross Assets (£m)                               384.06
Short term borrowings (£m)                         n/a
Convertible Bond                                  49.9
Net asset value-capital only                   759.58p
Net asset value-cum income                     763.34p
Net asset value-capital only with
bond at fair value                             718.66p
Net asset value-cum income with              
bond at fair value                             722.43p
Net asset value- cum income with 
bond fully converted                           728.46p
Share Price*                                    700.5p
Ordinary Shares in issue   
(excluding treasury shares)                 43,841,312
Actual Gearing**                                 10.2%
Discount to NAV ***                               3.8%
Average discount to NAV for 
3 months to 31 March 2011***                      1.2%
                           
*1.6031 USD Exchange Rate used

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

***To the extent that the US dollar Net Asset Value on a cum income with bond
at fair value basis exceeds the current conversion price of $8.98 for the
convertible bond, the discount is calculated using the share price as a
percentage of the fully diluted cum income Net Asset Value in sterling terms.

Tender offer

It was announced on 14 January 2011 that the Board had decided not to implement
a semi-annual tender offer in March 2011.

Interim Dividend

A second interim dividend of 19 cents per share was declared on 17 February
2011, payable on 13 April 2011 to shareholders on the register on 4 March 2011.

Payment of Bond Interest

The semi annual interest payment in respect of the US$79,968,000 3.5%
Convertible Bonds due 2015 was paid on 15 March 2011.

Annual Financial Report

The Company announced its annual financial results for the year ended 31
December 2010 on 17 February 2011.

Annual General Meeting

At the Company's Annual General Meeting held on 6th May 2011, all resolutions
were passed.

Material Events and transactions

There were no other material events or transactions, except as disclosed,
during the three months to 31 March 2011, 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 2011 and the date of publication
of this interim management statement which would have a material impact on the
financial position of the Company.

Contact details:

Barbara Powley
Company Secretary
Tel: [phone]

9 May 2011

ENDS

Please note that more detailed performance information is available on the
Investment Manager's website-www.blackrock.co.uk/brla. Neither the contents of
the Investment Manager's website nor the contents of any website accessible
from hyperlinks on the Investment Manager's website (or any other website) is
incorporated into, or forms part of, this announcement.

Latest information is also available by typing "BLRKINDEX" on Reuters, "BLRK"
on Bloomberg or "8800" on Topic 3 (ICV terminal).