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 6 January 2012 was:

888.21c per share (US cents) - Capital only with convertible bond at par value
919.13c per share (US cents) - Cum income with convertible bond at par value
877.65c per share (US cents) - Capital only with convertible bond at fair value
908.56c per share (US cents) - Cum income with convertible bond at fair value
890.44c per share (US cents) - Capital only fully diluted for full conversion
of bond
916.32c per share (US cents) - Cum income fully diluted for full conversion of
bond
576.45p per share (pence sterling) Capital only with convertible bond at par
value
596.52p per share (pence sterling) - Cum income with convertible bond at par
value
569.59p per share (pence sterling) - Capital only with convertible bond at fair
value
589.66p per share (pence sterling) - Cum income with convertible bond at fair
value
577.89p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
594.69p 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).