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 23 March 2011 was:

1169.47c per share (US cents) Capital only with convertible bond at par
719.93p per share (pence sterling) Capital only with convertible bond at par
1175.36c per share (US cents) - Cum income with convertible bond at par value XD
723.55p per share (pence sterling) - Cum income with convertible bond at par value XD
1108.43c per share (US cents) - Capital only with convertible bond at fair value
682.35p per share (pence sterling) - Capital only with convertible bond at fair value
1114.32c per share (US cents) - Including current year income with convertible bond at fair value XD
685.98p per share (pence sterling) - Including current year income with convertible bond at fair value XD
1127.48c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income XD
694.08p per share (pence sterling) - Fully diluted for full conversion of bond and with treasury shares not 
sold (pence) incl. income XD

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. The number of shares in issue is 43,841,312. There are no shares remaining
in treasury.

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).