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 30 November 2011 was:

898.91c per share (US cents) - Capital only with convertible bond at par value
926.28c per share (US cents) - Cum income with convertible bond at par value
888.31c per share (US cents) - Capital only with convertible bond at fair value
915.68c per share (US cents) - Cum income with convertible bond at fair value
898.90c per share (US cents) - Capital only fully diluted for full conversion of bond
921.70c per share (US cents) - Cum income fully diluted for full conversion of bond
571.53p per share (pence sterling) Capital only with convertible bond at par value
588.93p per share (pence sterling) - Cum income with convertible bond at par value
564.79p per share (pence sterling) - Capital only with convertible bond at fair value
582.19p per share (pence sterling) - Cum income with convertible bond at fair value
571.52p per share (pence sterling) - Capital only fully diluted for full conversion of bond
586.02p 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).