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 18 May 2011 was:

1132.47c per share (US cents) Capital only with convertible bond at par
701.34p per share (pence sterling) Capital only with convertible bond at par
1148.04c per share (US cents) - Cum income with convertible bond at par value
710.98p per share (pence sterling) - Cum income with convertible bond at par
value
1066.95c per share (US cents) - Capital only with convertible bond at fair
value
660.76p per share (pence sterling) - Capital only with convertible bond at fair
value
1082.52c per share (US cents) - Including current year income with convertible
bond at fair value
670.40p per share (pence sterling) - Including current year income with
convertible bond at fair value
1105.65c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
684.73p 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).