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 1 October 2010 was:

1179.91c per share (US cents) Capital only with convertible bond at par
746.29p per share (pence sterling) Capital only with convertible bond at par
1197.45c per share (US cents) - Cum income with convertible bond at par value XD
757.39p per share (pence sterling) - Cum income with convertible bond at par value XD
1131.36c per share (US cents) - Capital only with convertible bond at fair value
715.59p per share (pence sterling) - Capital only with convertible bond at fair value
1148.90c per share (US cents) - Including current year income with convertible
bond at fair value XD
726.68p per share (pence sterling) - Including current year income with
convertible bond at fair value XD
1143.76c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income XD
723.43p 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).