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 1 November 2011 was:

925.62c per share (US cents) Capital only with convertible bond at par
951.15c per share (US cents) - Cum income with convertible bond at par value
914.98c per share (US cents) - Capital only with convertible bond at fair value
940.51c per share (US cents) - Cum income with convertible bond at fair value
920.76c per share (US cents) - Capital only fully diluted for full conversion of bond
941.92c per share (US cents) - Cum income fully diluted for full conversion of bond
580.55p per share (pence sterling) Capital only with convertible bond at par
596.56p per share (pence sterling) - Cum income with convertible bond at par value
573.88p per share (pence sterling) - Capital only with convertible bond at fair value
589.89p per share (pence sterling) - Cum income with convertible bond at fair value
577.50p per share (pence sterling) - Capital only fully diluted for full conversion of bond
590.77p 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).