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 19 March 2012 was:

1039.10c per share (US cents) - Capital only with convertible bond at par value
1042.63c per share (US cents) - Cum income with convertible bond at par value XD
1010.40c per share (US cents) - Capital only with convertible bond at fair value
1013.93c per share (US cents) - Cum income with convertible bond at fair value XD
1014.73c per share (US cents) - Capital only fully diluted for full conversion of bond
1017.48c per share (US cents) - Cum income fully diluted for full conversion of bond XD
653.80p per share (pence sterling) Capital only with convertible bond at par value
656.02p per share (pence sterling) - Cum income with convertible bond at par value XD
635.74p per share (pence sterling) - Capital only with convertible bond at fair value
637.96p per share (pence sterling) - Cum income with convertible bond at fair value XD 
638.47p per share (pence sterling) - Capital only fully diluted for full conversion of bond
640.20p 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).