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 10 January 2012 was:

924.43c per share (US cents) - Capital only with convertible bond at par value
955.32c per share (US cents) - Cum income with convertible bond at par value
913.87c per share (US cents) - Capital only with convertible bond at fair value
944.76c per share (US cents) - Cum income with convertible bond at fair value
920.59c per share (US cents) - Capital only fully diluted for full conversion
of bond
946.46c per share (US cents) - Cum income fully diluted for full conversion of
bond
596.90p per share (pence sterling) Capital only with convertible bond at par
value
616.85p per share (pence sterling) - Cum income with convertible bond at par
value
590.09p per share (pence sterling) - Capital only with convertible bond at fair
value
610.03p per share (pence sterling) - Cum income with convertible bond at fair
value
594.42p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
611.13p 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).