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 2 November 2011 was:

939.47c per share (US cents) Capital only with convertible bond at par
964.98c per share (US cents) - Cum income with convertible bond at par value
928.83c per share (US cents) - Capital only with convertible bond at fair value
954.35c per share (US cents) - Cum income with convertible bond at fair value
932.29c per share (US cents) - Capital only fully diluted for full conversion of bond
953.43c per share (US cents) - Cum income fully diluted for full conversion of bond
588.20p per share (pence sterling) Capital only with convertible bond at par
604.17p per share (pence sterling) - Cum income with convertible bond at par value
581.54p per share (pence sterling) - Capital only with convertible bond at fair value
597.52p per share (pence sterling) - Cum income with convertible bond at fair value
583.70p per share (pence sterling) - Capital only fully diluted for full conversion of bond
596.94p 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).