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 11 January 2012 was:

927.27c per share (US cents) - Capital only with convertible bond at par value
958.14c per share (US cents) - Cum income with convertible bond at par value
916.71c per share (US cents) - Capital only with convertible bond at fair value
947.58c per share (US cents) - Cum income with convertible bond at fair value
922.95c per share (US cents) - Capital only fully diluted for full conversion
of bond
948.83c per share (US cents) - Cum income fully diluted for full conversion of
bond
603.93p per share (pence sterling) Capital only with convertible bond at par
value
624.04p per share (pence sterling) - Cum income with convertible bond at par
value
597.05p per share (pence sterling) - Capital only with convertible bond at fair
value
617.16p per share (pence sterling) - Cum income with convertible bond at fair
value
601.12p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
617.97p 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).