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 19 April 2012 was:

964.00c per share (US cents) - Capital only with convertible bond at par value
973.73c per share (US cents) - Cum income with convertible bond at par value XD
929.99c per share (US cents) - Capital only with convertible bond at fair value
939.72c per share (US cents) - Cum income with convertible bond at fair value XD 
952.17c per share (US cents) - Capital only fully diluted for full conversion of bond
960.12c per share (US cents) - Cum income fully diluted for full conversion of bond XD
600.19p per share (pence sterling) Capital only with convertible bond at par value
606.24p per share (pence sterling) - Cum income with convertible bond at par value XD
579.01p per share (pence sterling) - Capital only with convertible bond at fair value
585.07p per share (pence sterling) - Cum income with convertible bond at fair value XD
592.82p per share (pence sterling) - Capital only fully diluted for full conversion of bond
597.77p per share (pence sterling) - Cum income fully diluted for full conversion of bond XD

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. Following the implementation of the Tender Offer (the results of which were
announced on 2 April 2012 and which became effective on 5 April 2012) the
Company now has 43,841,312 shares in issue which includes 2,192,065 Ordinary
Shares which will be 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).