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 January 2013 were:

969.08c per share (US cents) - Capital only with convertible bond at par value
990.57c per share (US cents) - Cum income with convertible bond at par value
962.59c per share (US cents) - Capital only with convertible bond at fair value
984.07c per share (US cents) - Cum income with convertible bond at fair value
971.61c per share (US cents) - Capital only fully diluted for full conversion of bond
990.39c per share (US cents) - Cum income fully diluted for full conversion of bond
605.87p per share (pence sterling) Capital only with convertible bond at par value
619.30p per share (pence sterling) - Cum income with convertible bond at par value
601.81p per share (pence sterling) - Capital only with convertible bond at fair value
615.24p per share (pence sterling) - Cum income with convertible bond at fair value
607.45p per share (pence sterling) - Capital only fully diluted for full conversion of bond
619.19p 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 US$15,948,000 of 3.5% convertible bonds on 12
December 2012 for cancellation, the Company has in issue 41,433,247 ordinary
shares, excluding 2,408,065 shares held in treasury and US$ 64,000,000 3.5%
convertible bonds.

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).