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 13 April 2012 was:

983.15c per share (US cents) - Capital only with convertible bond at par value
988.28c per share (US cents) - Cum income with convertible bond at par value XD
949.13c per share (US cents) - Capital only with convertible bond at fair value
954.26c per share (US cents) - Cum income with convertible bond at fair value XD
967.88c per share (US cents) - Capital only fully diluted for full conversion of bond
972.01c per share (US cents) - Cum income fully diluted for full conversion of bond XD
618.89p per share (pence sterling) Capital only with convertible bond at par value
622.12p per share (pence sterling) - Cum income with convertible bond at par value XD
597.48p per share (pence sterling) - Capital only with convertible bond at fair value
600.71p per share (pence sterling) - Cum income with convertible bond at fair value XD
609.28p per share (pence sterling) - Capital only fully diluted for full conversion of bond
611.88p 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).