Net Asset Value(s)

NET ASSET VALUE
BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business on 27 September 2010 was:

1122.91c per share (US cents) Capital only with convertible bond at par
709.12p per share (pence sterling) Capital only with convertible bond at par
1139.50c per share (US cents) - Cum income with convertible bond at par value XD
719.59p per share (pence sterling) - Cum income with convertible bond at par value XD
1074.36c per share (US cents) - Capital only with convertible bond at fair value
678.46p per share (pence sterling) - Capital only with convertible bond at fair value
1090.95c per share (US cents) - Including current year income with convertible bond
at fair value XD
688.93p per share (pence sterling) - Including current year income with convertible
bond at fair value XD
1095.54c per share (US cents) - Fully diluted for full conversion of bond and with
treasury shares not sold (USD) incl. income XD
691.83p per share (pence sterling) - Fully diluted for full conversion of bond and
with treasury shares not sold (pence) incl. income XD

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 number of shares in issue is 43,835,522. Following the cancellation on
31 March 2010 of 3,554,231 shares previously held
in treasury, there are no shares remaining in treasury.
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).