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 27 October 2011 was:

975.53c per share (US cents) Capital only with convertible bond at par
1000.82c per share (US cents) - Cum income with convertible bond at par value
964.89c per share (US cents) - Capital only with convertible bond at fair value
990.18c per share (US cents) - Cum income with convertible bond at fair value
962.19c per share (US cents) - Capital only fully diluted for full conversion of bond 
983.13c per share (US cents) - Cum income fully diluted for full conversion of bond 
607.46p per share (pence sterling) Capital only with convertible bond at par
623.21p per share (pence sterling) - Cum income with convertible bond at par value
600.84p per share (pence sterling) - Capital only with convertible bond at fair value
616.59p per share (pence sterling) - Cum income with convertible bond at fair value
599.16p per share (pence sterling) - Capital only fully diluted for full conversion of bond
612.20p 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).