Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 4 April 2012 was:

997.95c per share (US cents) - Capital only with convertible bond at par value
1002.59c per share (US cents) - Cum income with convertible bond at par value XD
965.62 per share (US cents) - Capital only with convertible bond at fair value
970.26c per share (US cents) - Cum income with convertible bond at fair value XD
980.71c per share (US cents) - Capital only fully diluted for full conversion of bond
984.44c per share (US cents) - Cum income fully diluted for full conversion of bond XD
628.71p per share (pence sterling) Capital only with convertible bond at par value
631.63p per share (pence sterling) - Cum income with convertible bond at par value XD
608.34p per share (pence sterling) - Capital only with convertible bond at fair value
611.26p per share (pence sterling) - Cum income with convertible bond at fair value XD
617.85p per share (pence sterling) - Capital only fully diluted for full conversion of bond
620.20p per share (pence sterling) - Cum income fully diluted for full conversion of bond XD

Notes:

1. Investments have been valued on a bid price basis.

2. The conversion price of the bonds is $8.98 until (but excluding) 15
September 2012 and $9.83 thereafter.

3. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

4. The number of shares currently in issue is 43,841,312, with no shares held in Treasury. Following 
implementation of the Tender Offer (the results of which were announced on 2 April 2012 and which becomes 
effective on 5 April 2012) the Company will have 43,841,312 shares in issue which will include 2,192,065 
Ordinary Shares which will be held in Treasury.

5. 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).