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 26 January 2009 was:

441.53c per share (US cents) - Capital only

316.75p per share (pence sterling) - Capital only

454.87c per share (US cents) - Including current year income

326.32p per share (pence sterling) - Including current year income

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 47,389,753 ordinary
shares following the purchase of 400,000 shares to be held in treasury on 22
August 2008. The company now holds 400,000 shares 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).