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 4 January 2012 was:

907.63c per share (US cents) - Capital only with convertible bond at par value
938.56c per share (US cents) - Cum income with convertible bond at par value
897.06c per share (US cents) - Capital only with convertible bond at fair value
928.00c per share (US cents) - Cum income with convertible bond at fair value
906.55c per share (US cents) - Capital only fully diluted for full conversion
of bond
932.44c per share (US cents) - Cum income fully diluted for full conversion of
bond
581.43p per share (pence sterling) Capital only with convertible bond at par
value
601.24p per share (pence sterling) - Cum income with convertible bond at par
value
574.66p 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
580.74p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
597.32p 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).