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 July 2012 were:

844.64c per share (US cents) - Capital only with convertible bond at par value
860.54c per share (US cents) - Cum income with convertible bond at par value
838.54c per share (US cents) - Capital only with convertible bond at fair value
854.44c per share (US cents) - Cum income with convertible bond at fair value
844.64c per share (US cents) - Capital only fully diluted for full conversion of bond
860.54c per share (US cents) - Cum income fully diluted for full conversion of bond
543.27p per share (pence sterling) Capital only with convertible bond at par value
553.50p per share (pence sterling) - Cum income with convertible bond at par value
539.35p per share (pence sterling) - Capital only with convertible bond at fair value
549.58p per share (pence sterling) - Cum income with convertible bond at fair value
543.27p per share (pence sterling) - Capital only fully diluted for full conversion of bond
553.50p 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. Following the implementation of the Tender Offer (the results of which were
announced on 2 April 2012 and which became effective on 5 April 2012) and
following the buyback of 75,000 shares on 2 May 2012 to be held in treasury,
the Company has in issue 43,841,312 shares, of which 2,267,065 were held in
treasury.