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 17 January 2013 were:

976.55c per share (US cents) - Capital only with convertible bond at par value
998.03c per share (US cents) - Cum income with convertible bond at par value
970.06c per share (US cents) - Capital only with convertible bond at fair value
991.54c per share (US cents) - Cum income with convertible bond at fair value
978.08c per share (US cents) - Capital only fully diluted for full conversion of bond
996.86c per share (US cents) - Cum income fully diluted for full conversion of bond
611.52p per share (pence sterling) Capital only with convertible bond at par value
624.97p per share (pence sterling) - Cum income with convertible bond at par value
607.45p per share (pence sterling) - Capital only with convertible bond at fair value
620.90p per share (pence sterling) - Cum income with convertible bond at fair value
612.47p per share (pence sterling) - Capital only fully diluted for full conversion of bond
624.23p 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).