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 5 September 2011 was:

991.29c per share (US cents) Capital only with convertible bond at par
615.59p per share (pence sterling) Capital only with convertible bond at par
1012.60c per share (US cents) - Cum income with convertible bond at par value XD
628.82p per share (pence sterling) - Cum income with convertible bond at par value XD
974.69c per share (US cents) - Fully diluted for full conversion of bond (USD) capital only
605.28p per share (pence sterling) - Fully diluted for full conversion of bond (pence) capital only
992.12c per share (US cents) - Fully diluted for full conversion of bond (USD) including income XD
616.11p per share (pence sterling) - Fully diluted for full conversion of bond (pence) including income XD

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).