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 26 October 2011 was:

929.22c per share (US cents) Capital only with convertible bond at par
954.53c per share (US cents) - Cum income with convertible bond at par value
918.58c per share (US cents) - Capital only with convertible bond at fair value
943.89c per share (US cents) - Cum income with convertible bond at fair value
923.69c per share (US cents) - Capital only fully diluted for full conversion of bond including capital
944.64c per share (US cents) - Cum income fully diluted for full conversion of bond including income
583.92p per share (pence sterling) Capital only with convertible bond at par
599.83p per share (pence sterling) - Cum income with convertible bond at par value
577.24p per share (pence sterling) - Capital only with convertible bond at fair value
593.14p per share (pence sterling) - Cum income with convertible bond at fair value
580.45p per share (pence sterling) - Capital only fully diluted for full conversion of bond
593.61p per share (pence sterling) - Cum income fully diluted for full conversion of bond

Notes:

1. Investments have been valued on a bid price basis.

2. The conversion price of the bonds is $8.98 until (but excluding) 15
September 2012 and $9.83 thereafter.

3. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

4. The number of shares in issue is 43,841,312. There are no shares remaining
in treasury.

5. 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).