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 29 September 2009 was:

896.90c per share (US cents) - Capital only
562.80p per share (pence sterling) - Capital only
904.28c per share (US cents) - Including current year income XD
567.44p per share (pence sterling) - Including current year income XD
903.22p per share (pence sterling) - Fully diluted for full conversion of bond
and with treasury shares not sold (USD) incl. income
566.77p per shares (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. Following the tender offer on 6 April 2009, 3,554,231 shares were tendered
and held in treasury and the cancellation of 400,000 shares held in treasury on 20 
August 2009, the total number of shares now held in treasury is 3,554,231. The number 
of shares in issue (excluding treasury shares) is 43,835,522.

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).

5. The treasury shares had no impact on the NAV as at 29 September 2009.
Therefore only the basic NAVs and NAVs fully diluted for the full conversion of
the convertible bonds have been disclosed.