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 7 March 2012 was:

1032.00c per share (US cents) - Capital only with convertible bond at par value
1060.58c per share (US cents) - Cum income with convertible bond at par value
1003.29c per share (US cents) - Capital only with convertible bond at fair value
1031.87c per share (US cents) - Cum income with convertible bond at fair value
1008.69c per share (US cents) - Capital only fully diluted for full conversion of bond
1032.21c per share (US cents) - Cum income fully diluted for full conversion of bond
657.07p per share (pence sterling) Capital only with convertible bond at par value
675.27p per share (pence sterling) - Cum income with convertible bond at par value
638.79p per share (pence sterling) - Capital only with convertible bond at fair value
656.99p per share (pence sterling) - Cum income with convertible bond at fair value
642.23p per share (pence sterling) - Capital only fully diluted for full conversion of bond
657.21p 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).