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 29 December 2010 was:

1224.80c per share (US cents) Capital only with convertible bond at par
794.04p per share (pence sterling) Capital only with convertible bond at par
1249.22c per share (US cents) - Cum income with convertible bond at par value
809.87p per share (pence sterling) - Cum income with convertible bond at par
value
1149.93c per share (US cents) - Capital only with convertible bond at fair
value
745.50p per share (pence sterling) - Capital only with convertible bond at fair
value
1174.34c per share (US cents) - Including current year income with convertible
bond at fair value
761.32p per share (pence sterling) - Including current year income with
convertible bond at fair value
1188.21c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
770.32p 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).