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 16 March 2012 was:

1041.89c per share (US cents) - Capital only with convertible bond at par value
1045.45c per share (US cents) - Cum income with convertible bond at par value XD
1013.19c per share (US cents) - Capital only with convertible bond at fair value
1016.75c per share (US cents) - Cum income with convertible bond at fair value XD
1017.01c per share (US cents) - Capital only fully diluted for full conversion of bond
1019.77c per share (US cents) - Cum income fully diluted for full conversion of bond XD
657.64p per share (pence sterling) Capital only with convertible bond at par value
659.89p per share (pence sterling) - Cum income with convertible bond at par value XD
639.53p per share (pence sterling) - Capital only with convertible bond at fair value
641.77p per share (pence sterling) - Cum income with convertible bond at fair value XD
641.94p per share (pence sterling) - Capital only fully diluted for full conversion of bond
643.68p 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).