Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 30 December 2011 was:

873.21c per share (US cents) - Capital only with convertible bond at par value
903.45c per share (US cents) - Cum income with convertible bond at par value
862.64c per share (US cents) - Capital only with convertible bond at fair value
892.88c per share (US cents) - Cum income with convertible bond at fair value
877.89c per share (US cents) - Capital only fully diluted for full conversion
of bond
903.18c per share (US cents) - Cum income fully diluted for full conversion of
bond
561.91p per share (pence sterling) Capital only with convertible bond at par
value
581.37p per share (pence sterling) - Cum income with convertible bond at par
value
555.11p per share (pence sterling) - Capital only with convertible bond at fair
value
574.57p per share (pence sterling) - Cum income with convertible bond at fair
value
564.92p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
581.20p per share (pence sterling) - Cum income fully diluted for full
conversion of bond

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 in issue is 43,841,312. There are no shares remaining
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).