Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business 20 June 2011 was:

1116.41c per share (US cents) Capital only with convertible bond at par
688.60p per share (pence sterling) Capital only with convertible bond at par
1133.32c per share (US cents) - Cum income with convertible bond at par value
699.03p per share (pence sterling) - Cum income with convertible bond at par value
1052.75c per share (US cents) - Capital only with convertible bond at fair value
649.34p per share (pence sterling) - Capital only with convertible bond at fair value
1069.66c per share (US cents) - Including current year income with convertible bond at fair value
659.77p per share (pence sterling) - Including current year income with convertible bond at fair value
1093.92c per share (US cents) - Fully diluted for full conversion of bond and with treasury shares not 
sold (USD) incl. income
674.73p per share (pence sterling) - Fully diluted for full conversion of bond and with treasury shares not 
sold (pence) incl. income

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

3. The number of shares in issue is 43,841,312. There are no shares remaining
in treasury.

4. 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).