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 8 October 2009 was:

966.14c per share (US cents) - Capital only
600.17p per share (pence sterling) - Capital only
974.29c per share (US cents) - Including current year income
605.23p per share (pence sterling) - Including current year income
944.54c per share (US cents) - Capital only with convertible bond at fair value
586.75p per share (pence) - Capital only with convertible bond at fair value
952.68c per share (US cents) - Including current year income with convertible
bond at fair value
591.80p per share (pence) - Including current year income with convertible bond
at fair value
959.34c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
595.94p 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 8 October 2009. Therefore
only the basic NAVs, the NAVs with the convertible bond at fair value and the
NAVs fully diluted for the full conversion of the convertible bonds have been
disclosed.