Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 6 March 2012 was:

1019.04c per share (US cents) - Capital only with convertible bond at par value
1053.02c per share (US cents) - Cum income with convertible bond at par value
990.33c per share (US cents) - Capital only with convertible bond at fair value
1024.31c per share (US cents) - Cum income with convertible bond at fair value
997.91c per share (US cents) - Capital only fully diluted for full conversion of bond
1025.92c per share (US cents) - Cum income fully diluted for full conversion of bond
647.50p per share (pence sterling) Capital only with convertible bond at par value
669.09p per share (pence sterling) - Cum income with convertible bond at par value
629.26p per share (pence sterling) - Capital only with convertible bond at fair value
650.85p per share (pence sterling) - Cum income with convertible bond at fair value
634.07p per share (pence sterling) - Capital only fully diluted for full conversion of bond
651.87p 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).