Net Asset Value(s)

NET ASSET VALUE

MERRILL LYNCH LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for Merrill Lynch Latin American Investment Trust
PLC at close of business on 20 July 2007 was:

1059.60c per share (US cents)
515.60p per share (pence sterling)

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

3. The net asset value above has been calculated based on 47,789,753 ordinary
shares following the cancellation of 7,818,306 shares as a result of the tender
offer in October 2006.

4. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the BlackRock managed
Investment Trusts, see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3)