Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business on 4 January 2011 was:

1253.32c per share (US cents) Capital only with convertible bond at par
803.63p per share (pence sterling) Capital only with convertible bond at par
1278.65c per share (US cents) - Cum income with convertible bond at par value
819.87p per share (pence sterling) - Cum income with convertible bond at par value
1178.45c per share (US cents) - Capital only with convertible bond at fair value
755.62p per share (pence sterling) - Capital only with convertible bond at fair value
1203.78c per share (US cents) - Including current year income with convertible bond at fair value
771.86p per share (pence sterling) - Including current year income with convertible bond at fair value
1212.78c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income
777.63p per share (pence sterling) - Fully diluted for full conversion of bond and with treasury shares not 
sold (pence) incl. income

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

3. The number of shares in issue is 43,839,085. Following the cancellation on
31 March 2010 of 3,554,231 shares previously held in treasury, there are no shares remaining in treasury.

4. 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).