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 on 4 April 2011 was:

1246.49c per share (US cents) Capital only with convertible bond at par
772.20p per share (pence sterling) Capital only with convertible bond at par
1252.54c per share (US cents) - Cum income with convertible bond at par value XD
775.95p per share (pence sterling) - Cum income with convertible bond at par value XD
1180.92c per share (US cents) - Capital only with convertible bond at fair value
731.58p per share (pence sterling) - Capital only with convertible bond at fair value
1186.98c per share (US cents) - Including current year income with convertible bond at fair value XD
735.33p per share (pence sterling) - Including current year income with convertible bond at fair value XD
1191.83c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not sold 
(USD) incl. income XD
738.34p per share (pence sterling) - Fully diluted for full conversion of bond and with treasury shares not 
sold (pence) incl. income XD

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).