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 23 May 2011 was:

1109.64c per share (US cents) Capital only with convertible bond at par
688.31p per share (pence sterling) Capital only with convertible bond at par
1125.67c per share (US cents) - Cum income with convertible bond at par value
698.25p per share (pence sterling) - Cum income with convertible bond at par
value
1044.12c per share (US cents) - Capital only with convertible bond at fair
value
647.67p per share (pence sterling) - Capital only with convertible bond at fair
value
1060.16c per share (US cents) - Including current year income with convertible
bond at fair value
657.62p per share (pence sterling) - Including current year income with
convertible bond at fair value
1087.13c per share (US cents) - Fully diluted for full conversion of bond and
with treasury shares not sold (USD) incl. income
674.35p 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).