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 14 December 2011 was:

553.62c per share (US cents) - Capital only with convertible bond at par value
853.30c per share (US cents) - Cum income with convertible bond at par value
572.35c per share (US cents) - Capital only with convertible bond at fair value
882.16c per share (US cents) - Cum income with convertible bond at fair value
546.75c per share (US cents) - Capital only fully diluted for full conversion of bond
842.71c per share (US cents) - Cum income fully diluted for full conversion of bond
565.47p per share (pence sterling) Capital only with convertible bond at par value
871.57p per share (pence sterling) - Cum income with convertible bond at par value
553.62p per share (pence sterling) - Capital only with convertible bond at fair value
853.30p per share (pence sterling) - Cum income with convertible bond at fair value
572.35p per share (pence sterling) - Capital only fully diluted for full conversion of bond
882.16p 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. 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).