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 on 26 January 2011 was:

1205.87c per share (US cents) Capital only with convertible bond at par
759.10p per share (pence sterling) Capital only with convertible bond at par
1231.42c per share (US cents) - Cum income with convertible bond at par value
775.18p per share (pence sterling) - Cum income with convertible bond at par value
1131.03c per share (US cents) - Capital only with convertible bond at fair value
711.98p per share (pence sterling) - Capital only with convertible bond at fair value
1156.58c per share (US cents) - Including current year income with convertible bond at fair value
728.07p per share (pence sterling) - Including current year income with convertible bond at fair value
1173.88c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income
738.96p 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).