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 17 November 2011 was:

905.65c per share (US cents) - Capital only with convertible bond at par value
932.03c per share (US cents) - Cum income with convertible bond at par value
890.47c per share (US cents) - Capital only with convertible bond at fair value
916.85c per share (US cents) - Cum income with convertible bond at fair value
904.35c per share (US cents) - Capital only fully diluted for full conversion of bond
926.27c per share (US cents) - Cum income fully diluted for full conversion of bond
573.55p per share (pence sterling) Capital only with convertible bond at par value
590.25p per share (pence sterling) - Cum income with convertible bond at par value
563.93p per share (pence sterling) - Capital only with convertible bond at fair value
580.64p per share (pence sterling) - Cum income with convertible bond at fair value
572.72p per share (pence sterling) - Capital only fully diluted for full conversion of bond
586.61p 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).