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 16 April 2012 was:

975.96c per share (US cents) - Capital only with convertible bond at par value
983.47c per share (US cents) - Cum income with convertible bond at par value XD
941.94c per share (US cents) - Capital only with convertible bond at fair value
949.45c per share (US cents) - Cum income with convertible bond at fair value XD
961.99c per share (US cents) - Capital only fully diluted for full conversion of bond
968.09c per share (US cents) - Cum income fully diluted for full conversion of bond XD
616.03p per share (pence sterling) Capital only with convertible bond at par value
620.77p per share (pence sterling) - Cum income with convertible bond at par value XD
594.55p per share (pence sterling) - Capital only with convertible bond at fair value
599.29p per share (pence sterling) - Cum income with convertible bond at fair value XD
607.21p per share (pence sterling) - Capital only fully diluted for full conversion of bond
611.06p 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).