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 22 December 2010 was:

1209.53c per share (US cents) Capital only with convertible bond at par
785.59p per share (pence sterling) Capital only with convertible bond at par
1233.94c per share (US cents) - Cum income with convertible bond at par value
801.44p per share (pence sterling) - Cum income with convertible bond at par value
1125.52c per share (US cents) - Capital only with convertible bond at fair value
731.03p per share (pence sterling) - Capital only with convertible bond at fair value
1149.94c per share (US cents) - Including current year income with convertible bond at fair value
746.89p per share (pence sterling) - Including current year income with convertible bond at fair value
1175.40c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not sold 
(USD) incl. income
763.42p 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 43,839,085. 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).