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 5 January 2012 was:

894.13c per share (US cents) - Capital only with convertible bond at par value
925.05c per share (US cents) - Cum income with convertible bond at par value
883.56c per share (US cents) - Capital only with convertible bond at fair value
914.49c per share (US cents) - Cum income with convertible bond at fair value
895.34c per share (US cents) - Capital only fully diluted for full conversion
of bond
921.23c per share (US cents) - Cum income fully diluted for full conversion of
bond
577.61p per share (pence sterling) Capital only with convertible bond at par
value
597.58p per share (pence sterling) - Cum income with convertible bond at par
value
570.78p per share (pence sterling) - Capital only with convertible bond at fair
value
590.76p per share (pence sterling) - Cum income with convertible bond at fair
value
578.39p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
595.11p 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).