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 10 May 2011 was:

1181.46c per share (US cents) Capital only with convertible bond at par
722.70p per share (pence sterling) Capital only with convertible bond at par
1195.86c per share (US cents) - Cum income with convertible bond at par value
731.51p per share (pence sterling) - Cum income with convertible bond at par
value
1115.93c per share (US cents) - Capital only with convertible bond at fair
value
682.61p per share (pence sterling) - Capital only with convertible bond at fair
value
1130.33c per share (US cents) - Including current year income with convertible
bond at fair value
691.42p per share (pence sterling) - Including current year income with
convertible bond at fair value
1145.27c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
700.56p 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).