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 23 October 2012 were:

889.95c per share (US cents) - Capital only with convertible bond at par value
906.75c per share (US cents) - Cum income with convertible bond at par value
888.77c per share (US cents) - Capital only with convertible bond at fair value
905.57c per share (US cents) - Cum income with convertible bond at fair value
888.77c per share (US cents) - Capital only fully diluted for full conversion of bond
905.57c per share (US cents) - Cum income fully diluted for full conversion of bond
558.35p per share (pence sterling) Capital only with convertible bond at par value
568.89p per share (pence sterling) - Cum income with convertible bond at par value
557.61p per share (pence sterling) - Capital only with convertible bond at fair value
568.15p per share (pence sterling) - Cum income with convertible bond at fair value
557.61p per share (pence sterling) - Capital only fully diluted for full conversion of bond
568.15p 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).