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 8 March 2012 was:

1050.07c per share (US cents) - Capital only with convertible bond at par value
1078.62c per share (US cents) - Cum income with convertible bond at par value
1021.36c per share (US cents) - Capital only with convertible bond at fair value
1049.91c per share (US cents) - Cum income with convertible bond at fair value
1023.72c per share (US cents) - Capital only fully diluted for full conversion of bond
1047.23c per share (US cents) - Cum income fully diluted for full conversion of bond
663.96p per share (pence sterling) Capital only with convertible bond at par value
682.01p per share (pence sterling) - Cum income with convertible bond at par value
645.81p per share (pence sterling) - Capital only with convertible bond at fair value
663.86p per share (pence sterling) - Cum income with convertible bond at fair value
647.30p per share (pence sterling) - Capital only fully diluted for full conversion of bond
662.16p 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).