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 3 November 2011 was:

951.19c per share (US cents) Capital only with convertible bond at par
976.73c per share (US cents) - Cum income with convertible bond at par value
940.56c per share (US cents) - Capital only with convertible bond at fair value
966.09c per share (US cents) - Cum income with convertible bond at fair value
942.04c per share (US cents) - Capital only fully diluted for full conversion of bond
963.21c per share (US cents) - Cum income fully diluted for full conversion of bond
596.11p per share (pence sterling) Capital only with convertible bond at par
612.12p per share (pence sterling) - Cum income with convertible bond at par value
589.45p per share (pence sterling) - Capital only with convertible bond at fair value
605.45p per share (pence sterling) - Cum income with convertible bond at fair value
590.38p per share (pence sterling) - Capital only fully diluted for full conversion of bond
603.64p 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).