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 28 July 2011 was:

1106.09c per share (US cents) Capital only with convertible bond at par
677.26p per share (pence sterling) Capital only with convertible bond at par
1124.67c per share (US cents) - Cum income with convertible bond at par value
688.64p per share (pence sterling) - Cum income with convertible bond at par value
1071.65c per share (US cents) - Fully diluted for full conversion of bond (USD) capital only
656.17p per share (pence sterlin) - Fully diluted for full conversion of bond (pence) capital only
1087.32c per share (US cents) - Fully diluted for full conversion of bond (USD) including income
665.77p per share (pence sterling) - Fully diluted for full conversion of bond (pence) including 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. 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).