Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Following developments in the US overnight and the closure of financial
exchanges due to Hurricane Sandy, the US equity exchanges were closed on 30
October 2012. Given that there are no official prices for many US traded
securities, today's NAV has been calculated using the closing bid market prices
of US listed securities on Friday, 26 October 2012.

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 30 October 2012 were:

893.34c per share (US cents) - Capital only with convertible bond at par value
910.06c per share (US cents) - Cum income with convertible bond at par value
892.17c per share (US cents) - Capital only with convertible bond at fair value
908.89c per share (US cents) - Cum income with convertible bond at fair value
892.17c per share (US cents) - Capital only fully diluted for full conversion
of bond
908.89c per share (US cents) - Cum income fully diluted for full conversion of
bond
555.48p per share (pence sterling) Capital only with convertible bond at par
value
565.88p per share (pence sterling) - Cum income with convertible bond at par
value
554.75p per share (pence sterling) - Capital only with convertible bond at fair
value
565.15p per share (pence sterling) - Cum income with convertible bond at fair
value
554.75p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
565.15p 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 37,000 shares on 23 October 2012 to be held in
treasury, the Company has in issue 41,512,247 shares, excluding 2,329,065
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).