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 9 November 2011 was:

922.81c per share (US cents) - Capital only with convertible bond at par
948.39c per share (US cents) - Cum income with convertible bond at par value
912.19c per share (US cents) - Capital only with convertible bond at fair value
937.76c per share (US cents) - Cum income with convertible bond at fair value
918.53c per share (US cents) - Capital only fully diluted for full conversion of bond
939.75c per share (US cents) - Cum income fully diluted for full conversion of bond
578.60p per share (pence sterling) Capital only with convertible bond at par
594.64p per share (pence sterling) - Cum income with convertible bond at par value
571.94p per share (pence sterling) - Capital only with convertible bond at fair value
587.98p per share (pence sterling) - Cum income with convertible bond at fair value
575.92p per share (pence sterling) - Capital only fully diluted for full conversion of bond
589.22p 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).