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 5 December 2011 was:

928.62c per share (US cents) - Capital only with convertible bond at par value
955.96c per share (US cents) - Cum income with convertible bond at par value
918.02c per share (US cents) - Capital only with convertible bond at fair value
945.37c per share (US cents) - Cum income with convertible bond at fair value
923.65c per share (US cents) - Capital only fully diluted for full conversion of bond
946.45c per share (US cents) - Cum income fully diluted for full conversion of bond
591.16p per share (pence sterling) Capital only with convertible bond at par value
608.56p per share (pence sterling) - Cum income with convertible bond at par value
584.41p per share (pence sterling) - Capital only with convertible bond at fair value
601.82p per share (pence sterling) - Cum income with convertible bond at fair value
588.00p per share (pence sterling) - Capital only fully diluted for full conversion of bond
602.51p 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).