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 12 March 2012 was:

1023.66c per share (US cents) - Capital only with convertible bond at par value
1052.17c per share (US cents) - Cum income with convertible bond at par value
994.95c per share (US cents) - Capital only with convertible bond at fair value
1023.46c per share (US cents) - Cum income with convertible bond at fair value
1001.81c per share (US cents) - Capital only fully diluted for full conversion of bond
1025.30c per share (US cents) - Cum income fully diluted for full conversion of bond
655.55p per share (pence sterling) Capital only with convertible bond at par value
673.81p per share (pence sterling) - Cum income with convertible bond at par value
637.17p per share (pence sterling) - Capital only with convertible bond at fair value
655.42p per share (pence sterling) - Cum income with convertible bond at fair value
641.56p per share (pence sterling) - Capital only fully diluted for full conversion of bond
656.60p 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).