Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 17 October 2012 were:

916.06c per share (US cents) - Capital only with convertible bond at par value
932.51c per share (US cents) - Cum income with convertible bond at par value
914.88c per share (US cents) - Capital only with convertible bond at fair value
931.33c per share (US cents) - Cum income with convertible bond at fair value
914.88c per share (US cents) - Capital only fully diluted for full conversion of bond
931.33c per share (US cents) - Cum income fully diluted for full conversion of bond
566.67p per share (pence sterling) Capital only with convertible bond at par value
576.85p per share (pence sterling) - Cum income with convertible bond at par value
565.94p per share (pence sterling) - Capital only with convertible bond at fair value
576.12p per share (pence sterling) - Cum income with convertible bond at fair value
565.94p per share (pence sterling) - Capital only fully diluted for full conversion of bond
576.12p 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 $9.83.

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

4. Following the buyback of 25,000 shares on 11 October 2012 to be held in
treasury, the Company has in issue 41,549,247 shares, excluding 2,292,065
shares held 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).