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 14 November 2011 was:

935.18c per share (US cents) - Capital only with convertible bond at par
961.61c per share (US cents) - Cum income with convertible bond at par value
920.00c per share (US cents) - Capital only with convertible bond at fair value
946.43c per share (US cents) - Cum income with convertible bond at fair value
928.86c per share (US cents) - Capital only fully diluted for full conversion of bond
950.81c per share (US cents) - Cum income fully diluted for full conversion of bond
588.13p per share (pence sterling) Capital only with convertible bond at par
604.76p per share (pence sterling) - Cum income with convertible bond at par value
578.59p per share (pence sterling) - Capital only with convertible bond at fair value
595.21p per share (pence sterling) - Cum income with convertible bond at fair value
584.16p per share (pence sterling) - Capital only fully diluted for full conversion of bond
597.96p 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).