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 March 2011 was:

1161.79c per share (US cents) Capital only with convertible bond at par
712.41p per share (pence sterling) Capital only with convertible bond at par
1184.12c per share (US cents) - Cum income with convertible bond at par value
726.10p per share (pence sterling) - Cum income with convertible bond at par value
1097.93c per share (US cents) - Capital only with convertible bond at fair value
673.25p per share (pence sterling) - Capital only with convertible bond at fair value
1120.27c per share (US cents) - Including current year income with convertible bond at fair value
686.95p per share (pence sterling) - Including current year income with convertible bond at fair value
1135.19c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income
696.10p per share (pence sterling) - Fully diluted for full conversion of bond and with treasury shares 
not sold (pence) incl. 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 number of shares in issue is 43,839,085. 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).