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 15 April 2011 was:

1219.33c per share (US cents) Capital only with convertible bond at par
747.82p per share (pence sterling) Capital only with convertible bond at par
1228.16c per share (US cents) - Cum income with convertible bond at par value XD
753.23p per share (pence sterling) - Cum income with convertible bond at par value XD
1153.77c per share (US cents) - Capital only with convertible bond at fair value
707.61p per share (pence sterling) - Capital only with convertible bond at fair value
1162.60c per share (US cents) - Including current year income with convertible bond at fair value XD
713.02p per share (pence sterling) - Including current year income with convertible bond at fair value XD
1171.73c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income XD
718.62p 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).