Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 7 November 2011 was:

956.75c per share (US cents) - Capital only with convertible bond at par
982.22c per share (US cents) - Cum income with convertible bond at par value
946.12c per share (US cents) - Capital only with convertible bond at fair value
971.59c per share (US cents) - Cum income with convertible bond at fair value
946.71c per share (US cents) - Capital only fully diluted for full conversion of bond
967.84c per share (US cents) - Cum income fully diluted for full conversion of bond
596.82p per share (pence sterling) Capital only with convertible bond at par
612.71p per share (pence sterling) - Cum income with convertible bond at par value
590.19p per share (pence sterling) - Capital only with convertible bond at fair value
606.08p per share (pence sterling) - Cum income with convertible bond at fair value
590.56p per share (pence sterling) - Capital only fully diluted for full conversion of bond
603.74p 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).