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 12 April 2012 was:

999.52c per share (US cents) - Capital only with convertible bond at par value
1004.68c per share (US cents) - Cum income with convertible bond at par value XD
965.50c per share (US cents) - Capital only with convertible bond at fair value
970.66c per share (US cents) - Cum income with convertible bond at fair value XD
981.35c per share (US cents) - Capital only fully diluted for full conversion of bond
985.51c per share (US cents) - Cum income fully diluted for full conversion of bond XD
626.60p per share (pence sterling) Capital only with convertible bond at par value
629.83p per share (pence sterling) - Cum income with convertible bond at par value XD
605.27p per share (pence sterling) - Capital only with convertible bond at fair value
608.51p per share (pence sterling) - Cum income with convertible bond at fair value XD
615.21p per share (pence sterling) - Capital only fully diluted for full conversion of bond
617.82p per share (pence sterling) - Cum income fully diluted for full conversion of bond XD

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. Following the implementation of the Tender Offer (the results of which
were announced on 2 April 2012 and which became effective on 5 April 2012) the
Company now has 43,841,312 shares in issue which includes 2,192,065
Ordinary Shares which will be 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).