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 18 November 2011 was:

895.94c per share (US cents) - Capital only with convertible bond at par value
922.81c per share (US cents) - Cum income with convertible bond at par value
885.32c per share (US cents) - Capital only with convertible bond at fair value
912.19c per share (US cents) - Cum income with convertible bond at fair value
896.29c per share (US cents) - Capital only fully diluted for full conversion of bond
918.63c per share (US cents) - Cum income fully diluted for full conversion of bond
567.40p per share (pence sterling) Capital only with convertible bond at par value
584.42p per share (pence sterling) - Cum income with convertible bond at par value
560.67p per share (pence sterling) - Capital only with convertible bond at fair value
577.69p per share (pence sterling) - Cum income with convertible bond at fair value
567.62p per share (pence sterling) - Capital only fully diluted for full conversion of bond
581.77p 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).