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 9 December 2011 was:

912.91c per share (US cents) - Capital only with convertible bond at par value
940.42c per share (US cents) - Cum income with convertible bond at par value
902.32c per share (US cents) - Capital only with convertible bond at fair value
929.83c per share (US cents) - Cum income with convertible bond at fair value
910.64c per share (US cents) - Capital only fully diluted for full conversion
of bond
933.59c per share (US cents) - Cum income fully diluted for full conversion of
bond
584.44p per share (pence sterling) Capital only with convertible bond at par
value
602.06p per share (pence sterling) - Cum income with convertible bond at par
value
577.67p per share (pence sterling) - Capital only with convertible bond at fair
value
595.28p per share (pence sterling) - Cum income with convertible bond at fair
value
582.99p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
597.68p 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).