Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business on 25 January 2011 was:

1205.53c per share (US cents) Capital only with convertible bond at par
761.89p per share (pence sterling) Capital only with convertible bond at par
1231.10c per share (US cents) - Cum income with convertible bond at par value
778.06p per share (pence sterling) - Cum income with convertible bond at par value
1130.69c per share (US cents) - Capital only with convertible bond at fair value
714.60p per share (pence sterling) - Capital only with convertible bond at fair value
1156.26c per share (US cents) - Including current year income with convertible bond at fair value
730.76p per share (pence sterling) - Including current year income with convertible bond at fair value
1173.60c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not sold 
(USD) incl. income
741.72p 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 43,839,085. 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).