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 9 May 2011 was:

1164.54c per share (US cents) Capital only with convertible bond at par
714.45p per share (pence sterling) Capital only with convertible bond at par
1178.87c per share (US cents) - Cum income with convertible bond at par value
723.24p per share (pence sterling) - Cum income with convertible bond at par value
1099.01c per share (US cents) - Capital only with convertible bond at fair value
674.24p per share (pence sterling) - Capital only with convertible bond at fair value
1113.34c per share (US cents) - Including current year income with convertible bond at fair value
683.03p per share (pence sterling) - Including current year income with convertible bond at fair value
1131.14c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income
693.95p 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 43,841,312. 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).