Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 25 November 2011 was:

816.23c per share (US cents) - Capital only with convertible bond at par value
843.31c per share (US cents) - Cum income with convertible bond at par value
805.63c per share (US cents) - Capital only with convertible bond at fair value
832.71c per share (US cents) - Cum income with convertible bond at fair value
816.23c per share (US cents) - Capital only fully diluted for full conversion of bond
843.31c per share (US cents) - Cum income fully diluted for full conversion of bond
527.12p per share (pence sterling) Capital only with convertible bond at par value
544.61p per share (pence sterling) - Cum income with convertible bond at par value
520.28p per share (pence sterling) - Capital only with convertible bond at fair value
537.76p per share (pence sterling) - Cum income with convertible bond at fair value
527.12p per share (pence sterling) - Capital only fully diluted for full conversion of bond
544.61p 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).