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 17 May 2011 was:

1131.65c per share (US cents) Capital only with convertible bond at par
698.00p per share (pence sterling) Capital only with convertible bond at par
1146.60c per share (US cents) - Cum income with convertible bond at par value
707.22p per share (pence sterling) - Cum income with convertible bond at par
value
1066.12c per share (US cents) - Capital only with convertible bond at fair
value
657.58p per share (pence sterling) - Capital only with convertible bond at fair
value
1081.08c per share (US cents) - Including current year income with convertible
bond at fair value
666.81p per share (pence sterling) - Including current year income with
convertible bond at fair value
1104.43c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
681.21p 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).