Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business on 2 February 2011 was:

1178.56c per share (US cents) Capital only with convertible bond at par
728.00p per share (pence sterling) Capital only with convertible bond at par
1204.09c per share (US cents) - Cum income with convertible bond at par value
743.77p per share (pence sterling) - Cum income with convertible bond at par value
1103.73c per share (US cents) - Capital only with convertible bond at fair value
681.77p per share (pence sterling) - Capital only with convertible bond at fair value
1129.25c per share (US cents) - Including current year income with convertible bond at fair value
697.54p per share (pence sterling) - Including current year income with convertible bond at fair value
1151.28c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income
711.15p per share (pence sterling) - Fully diluted for full conversion of bond and with treasury shares not 
sold (pence) incl. income

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

3. The number of shares in issue is 43,839,085. There are no shares remaining
in treasury.

4. 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).