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 31 October 2011 was:

968.10c per share (US cents) Capital only with convertible bond at par
993.62c per share (US cents) - Cum income with convertible bond at par value
957.47c per share (US cents) - Capital only with convertible bond at fair value
982.98c per share (US cents) - Cum income with convertible bond at fair value
956.06c per share (US cents) - Capital only fully diluted for full conversion
of bond
977.20c per share (US cents) - Cum income fully diluted for full conversion of
bond
599.74p per share (pence sterling) Capital only with convertible bond at par
615.55p per share (pence sterling) - Cum income with convertible bond at par
value
593.15p per share (pence sterling) - Capital only with convertible bond at fair
value
608.96p per share (pence sterling) - Cum income with convertible bond at fair
value
592.28p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
605.38p 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).