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 25 March 2011 was:

1174.98c per share (US cents) Capital only with convertible bond at par
730.49p per share (pence sterling) Capital only with convertible bond at par
1180.90c per share (US cents) - Cum income with convertible bond at par value XD
734.17p per share (pence sterling) - Cum income with convertible bond at par value XD
1113.94c per share (US cents) - Capital only with convertible bond at fair value
692.54p per share (pence sterling) - Capital only with convertible bond at fair value
1119.86c per share (US cents) - Including current year income with convertible bond at fair value XD
696.22p per share (pence sterling) - Including current year income with convertible bond at fair value XD
1132.12c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not sold 
(USD) incl. income XD
703.84p 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).