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 26 March 2012 was:

1039.82c per share (US cents) - Capital only with convertible bond at par value
1044.25c per share (US cents) - Cum income with convertible bond at par value XD
1007.48c per share (US cents) - Capital only with convertible bond at fair value
1011.91c per share (US cents) - Cum income with convertible bond at fair value XD
1015.40c per share (US cents) - Capital only fully diluted for full conversion of bond
1018.93c per share (US cents) - Cum income fully diluted for full conversion of bond XD
652.49p per share (pence sterling) Capital only with convertible bond at par value
655.27p per share (pence sterling) - Cum income with convertible bond at par value XD
632.19p per share (pence sterling) - Capital only with convertible bond at fair value
634.97p per share (pence sterling) - Cum income with convertible bond at fair value XD
637.17p per share (pence sterling) - Capital only fully diluted for full conversion of bond
639.38p 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).