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 13 April 2011 was:

1211.73c per share (US cents) Capital only with convertible bond at par
743.88p per share (pence sterling) Capital only with convertible bond at par
1218.36c per share (US cents) - Cum income with convertible bond at par value XD
747.95p per share (pence sterling) - Cum income with convertible bond at par value XD
1146.17c per share (US cents) - Capital only with convertible bond at fair value
703.63p per share (pence sterling) - Capital only with convertible bond at fair value
1152.80c per share (US cents) - Including current year income with convertible bond at fair value XD
707.70p per share (pence sterling) - Including current year income with convertible bond at fair value XD
1163.56c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income XD
714.31p 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).