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 13 March 2012 was:

1056.74c per share (US cents) - Capital only with convertible bond at par value
1085.20c per share (US cents) - Cum income with convertible bond at par value
1028.04c per share (US cents) - Capital only with convertible bond at fair value
1056.50c per share (US cents) - Cum income with convertible bond at fair value
1029.32c per share (US cents) - Capital only fully diluted for full conversion of bond
1052.77c per share (US cents) - Cum income fully diluted for full conversion of bond
671.56p per share (pence sterling) Capital only with convertible bond at par value
689.64p per share (pence sterling) - Cum income with convertible bond at par value
653.32p per share (pence sterling) - Capital only with convertible bond at fair value
671.41p per share (pence sterling) - Cum income with convertible bond at fair value
654.13p per share (pence sterling) - Capital only fully diluted for full conversion of bond
669.04p 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).