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 16 November 2011 was:

927.27c per share (US cents) - Capital only with convertible bond at par value
954.05c per share (US cents) - Cum income with convertible bond at par value
912.09c per share (US cents) - Capital only with convertible bond at fair value
938.87c per share (US cents) - Cum income with convertible bond at fair value
922.31c per share (US cents) - Capital only fully diluted for full conversion of bond
944.56c per share (US cents) - Cum income fully diluted for full conversion of bond
587.24p per share (pence sterling) Capital only with convertible bond at par
604.20p per share (pence sterling) - Cum income with convertible bond at par value
577.63p per share (pence sterling) - Capital only with convertible bond at fair value
594.59p per share (pence sterling) - Cum income with convertible bond at fair value
584.10p per share (pence sterling) - Capital only fully diluted for full conversion of bond
598.19p 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).