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 9 January 2012 was:

898.86c per share (US cents) - Capital only with convertible bond at par value
929.75c per share (US cents) - Cum income with convertible bond at par value
888.30c per share (US cents) - Capital only with convertible bond at fair value
919.19c per share (US cents) - Cum income with convertible bond at fair value
899.32c per share (US cents) - Capital only fully diluted for full conversion
of bond
925.20c per share (US cents) - Cum income fully diluted for full conversion of
bond
581.92p per share (pence sterling) Capital only with convertible bond at par
value
601.92p per share (pence sterling) - Cum income with convertible bond at par
value
575.09p per share (pence sterling) - Capital only with convertible bond at fair
value
595.08p per share (pence sterling) - Cum income with convertible bond at fair
value
582.22p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
598.97p 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 $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. The number of shares in issue is 43,841,312. There are no shares remaining
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).