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 2009 was:

894.82c per share (US cents) - Capital only
559.62p per share (pence sterling) - Capital only
903.08c per share (US cents) - Including current year income
564.79p per share (pence sterling) - Including current year income
900.15c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
562.95p 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. 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 1 October 2009. Therefore
only the basic NAVs and NAVs fully diluted for the full conversion of the
convertible bonds have been disclosed.