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 21 October 2009 was:

996.14c per share (US cents) - Capital only
599.28p per share (pence sterling) - Capital only
1005.66c per share (US cents) - Including current year income
605.01p per share (pence sterling) - Including current year income
962.64c per share (US cents) - Capital only with convertible bond at fair value
579.12p per share (pence sterling) - Capital only with convertible bond at fair
value
972.17c per share (US cents) - Including current year income with convertible
bond at fair value
584.86p per share (pence sterling) - Including current year income with
convertible bond at fair value
985.42c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
592.83p per share (pence sterling) - Fully diluted for full conversion of bond
and with treasury shares not sold (pence) incl. income

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. Following the tender offer on 6 April 2009, 3,554,231 shares were tendered
and held in treasury and the cancellation of 400,000 shares held in treasury on
20 August 2009, the total number of shares now held in treasury is 3,554,231.
The number of shares in issue (excluding treasury shares) is 43,835,522.

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).

5. The treasury shares had no impact on the NAV as at 21 October 2009.
Therefore only the basic NAVs, the NAVs with the convertible bond at fair value
and the NAVs fully diluted for the full conversion of the convertible bonds
have been disclosed.