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 20 March 2012 was:

1025.19c per share (US cents) - Capital only with convertible bond at par value
1029.23c per share (US cents) - Cum income with convertible bond at par value XD
996.49c per share (US cents) - Capital only with convertible bond at fair value
1000.53c per share (US cents) - Cum income with convertible bond at fair value XD
1003.18c per share (US cents) - Capital only fully diluted for full conversion of bond
1006.36c per share (US cents) - Cum income fully diluted for full conversion of bond XD
646.59p per share (pence sterling) Capital only with convertible bond at par value
649.14p per share (pence sterling) - Cum income with convertible bond at par value XD
628.49p per share (pence sterling) - Capital only with convertible bond at fair value
631.03p per share (pence sterling) - Cum income with convertible bond at fair value XD
632.70p per share (pence sterling) - Capital only fully diluted for full conversion of bond
634.71p 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).