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 12 May 2011 was:

1148.11c per share (US cents) Capital only with convertible bond at par
705.74p per share (pence sterling) Capital only with convertible bond at par
1163.07c per share (US cents) - Cum income with convertible bond at par value
714.94p per share (pence sterling) - Cum income with convertible bond at par
value
1082.58c per share (US cents) - Capital only with convertible bond at fair
value
665.46p per share (pence sterling) - Capital only with convertible bond at fair
value
1094.54c per share (US cents) - Including current year income with convertible
bond at fair value
674.66p per share (pence sterling) - Including current year income with
convertible bond at fair value
1118.04c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
687.26p 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).