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 15 November 2011 was:

935.41c per share (US cents) - Capital only with convertible bond at par
962.21c per share (US cents) - Cum income with convertible bond at par value
920.23c per share (US cents) - Capital only with convertible bond at fair value
947.03c per share (US cents) - Cum income with convertible bond at fair value
929.06c per share (US cents) - Capital only fully diluted for full conversion of bond
951.33c per share (US cents) - Cum income fully diluted for full conversion of bond
591.37p per share (pence sterling) Capital only with convertible bond at par
608.31p per share (pence sterling) - Cum income with convertible bond at par value
581.77p per share (pence sterling) - Capital only with convertible bond at fair value
598.71p per share (pence sterling) - Cum income with convertible bond at fair value
587.35p per share (pence sterling) - Capital only fully diluted for full conversion of bond
601.43p 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).