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 14 March 2012 was:

1042.86c per share (US cents) - Capital only with convertible bond at par value
1046.32c per share (US cents) - Cum income with convertible bond at par value XD
1014.16c per share (US cents) - Capital only with convertible bond at fair value
1017.61c per share (US cents) - Cum income with convertible bond at fair value XD
1017.80c per share (US cents) - Capital only fully diluted for full conversion of bond
1020.47c per share (US cents) - Cum income fully diluted for full conversion of bond XD
664.93p per share (pence sterling) Capital only with convertible bond at par value
667.13p per share (pence sterling) - Cum income with convertible bond at par value XD
646.63p per share (pence sterling) - Capital only with convertible bond at fair value
648.83p per share (pence sterling) - Cum income with convertible bond at fair value XD
648.95p per share (pence sterling) - Capital only fully diluted for full conversion of bond
650.65p per share (pence sterling) - Cum income fully diluted for full conversion of bond XD

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).