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 28 March 2012 was:

1017.42c per share (US cents) - Capital only with convertible bond at par value
1021.85c per share (US cents) - Cum income with convertible bond at par value XD
985.09c per share (US cents) - Capital only with convertible bond at fair value
989.52c per share (US cents) - Cum income with convertible bond at fair value XD
996.81c per share (US cents) - Capital only fully diluted for full conversion of bond
1000.34c per share (US cents) - Cum income fully diluted for full conversion of bond XD
641.89p per share (pence sterling) Capital only with convertible bond at par value
644.69p per share (pence sterling) - Cum income with convertible bond at par value XD
621.49p per share (pence sterling) - Capital only with convertible bond at fair value
624.29p per share (pence sterling) - Cum income with convertible bond at fair value XD
628.89p per share (pence sterling) - Capital only fully diluted for full conversion of bond
631.11p 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).