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 28 July 2010 was:

1034.56c per share (US cents) Capital only with convertible bond at par
662.33p per share (pence sterling) Capital only with convertible bond at par
1051.71c per share (US cents) - Cum income with convertible bond at par value
673.30p per share (pence sterling) - Cum income with convertible bond at par value
994.15c per share (US cents) - Capital only with convertible bond at fair value
636.45p per share (pence sterling) - Capital only with convertible bond at fair value
1011.30c per share (US cents) - Including current year income with convertible bond at fair value
647.43p per share (pence sterling) - Including current year income with convertible bond at fair value
1024.24c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not sold 
(USD) incl. income
655.72p per share (pence sterling) - Fully diluted for full conversion of bond and with treasury shares not 
sold (pence) incl. income

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 43,835,522. Following the cancellation on
31 March 2010 of 3,554,231 shares previously held
in treasury, 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).