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 11 April 2012 was:

974.35c per share (US cents) - Capital only with convertible bond at par value
979.44c per share (US cents) - Cum income with convertible bond at par value XD
940.33c per share (US cents) - Capital only with convertible bond at fair value
945.42c per share (US cents) - Cum income with convertible bond at fair value XD
960.60c per share (US cents) - Capital only fully diluted for full conversion of bond
964.69c per share (US cents) - Cum income fully diluted for full conversion of bond XD
612.67p per share (pence sterling) Capital only with convertible bond at par value
615.87p per share (pence sterling) - Cum income with convertible bond at par value XD
591.28p per share (pence sterling) - Capital only with convertible bond at fair value
594.48p per share (pence sterling) - Cum income with convertible bond at fair value XD
604.03p per share (pence sterling) - Capital only fully diluted for full conversion of bond
606.60p 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).