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 20 May 2011 was:

1127.88c per share (US cents) Capital only with convertible bond at par
696.47p per share (pence sterling) Capital only with convertible bond at par
1143.94c per share (US cents) - Cum income with convertible bond at par value
706.38p per share (pence sterling) - Cum income with convertible bond at par value
1062.36c per share (US cents) - Capital only with convertible bond at fair value
656.01p per share (pence sterling) - Capital only with convertible bond at fair value
1078.42c per share (US cents) - Including current year income with convertible bond at fair value
665.92p per share (pence sterling) - Including current year income with convertible bond at fair value
1102.27c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income
680.65p 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).