Interim Management Statement

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 March 2014

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 2014 to
31 March 2014, 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 and an attractive
total return 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 (1)                    8.2       -0.1      -21.7      63.6
Share Price                            6.4       -0.6      -21.9      55.7
MSCI EM Latin America Index            9.4       -0.3      -21.3      47.5

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

(1). cum income
   
Ten Largest Equity Investments (in percentage order)

Company                   Country of Risk      % of Equity    % of Benchmark
                                                Portfolio                 
                                                                               
Itau Unibanco                 Brazil              8.4                5.2       
Vale                          Brazil              7.0                5.8       
Petrobras                     Brazil              6.6                6.7       
AmBev                         Brazil              5.4                4.8       
Banco Bradesco                Brazil              4.8                5.3       
Grupo Televisa                Mexico              4.3                2.4       
BB Seguridade                 Brazil              3.9                0.9       
CEMEX                         Mexico              3.7                2.1       
Credicorp                      Peru               3.4                1.3       
FEMSA                         Mexico              2.9                2.5       

Financial position and performance as at 31 March 2014

Gross Assets (£m)                                                         189.1
Net asset value-capital only                                            471.56p
Net asset value-cum income                                              473.78p
Share Price                                                             422.25p
Ordinary Shares in issue (excluding 2,071,662 treasury shares)       39,369,620
Gearing at month end*                                                      4.2%
Gearing range (as a % of net assets)                                      0-25%
Net yield                                                                  4.3%
Discount (share price to cum income NAV)                                  10.9%
Average discount to NAV for 1 month to 31 March 2014                      10.2%

*Gearing is calculated using debt at par, less cash and cash equivalents and
fixed interest investments as a percentage of net assets.

Final Dividend

A final dividend of 15.00 cents per share was declared on 25 February 2014,
payable on 2 May 2014 to shareholders on the register on 28 March 2014. It was
announced on 11 April 2014 that the sterling equivalent was 8.94454 pence per
share.

Annual Financial Report

The Company announced its annual financial results for the year ended 
31 December 2013 on 25 February 2014.

Annual General Meeting

At the Company's Annual General Meeting held on 30 April 2014, all resolutions
were passed.

Net Asset Value

The Company announces its NAV on a daily basis, which can be accessed via
www.blackrock.co.uk/brla, under the "Announcements" tab.

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business on 2 May 2014 was:

Capital only Sterling (pence) 486.17p
Including current year income Sterling (pence) 493.56p xd

Directors' Acquisition/Sale of Shares

Since 31 December 2013, the following directors have purchased/sold the
following ordinary shares:

Laurence Whitehead -purchase of 1,000 ordinary shares on 27 February 2014

Dr Mahrukh Doctor - sale of 2 ordinary shares on 17 March 2014 (to fund the ISA
plan management charge) and purchase of 12 ordinary shares on 2 May 2014 
(dividend reinvestment)

Desmond O'Conor - sale of 25 ordinary shares (to fund the ISA plan management
charge) on 17 March 2014

Change in Directorate

Desmond O'Conor retired as a Director of the Company on 30 April 2014.

Material Events and transactions

There were no other material events or transactions, except as disclosed,
during the three months to 31 March 2014, 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 2014 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]

7 May 2014

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).