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 1 November 2012 were:

902.49c per share (US cents) - Capital only with convertible bond at par value
919.48c per share (US cents) - Cum income with convertible bond at par value
901.32c per share (US cents) - Capital only with convertible bond at fair value
918.31c per share (US cents) - Cum income with convertible bond at fair value
901.32c per share (US cents) - Capital only fully diluted for full conversion of bond
918.31c per share (US cents) - Cum income fully diluted for full conversion of bond
559.18p per share (pence sterling) Capital only with convertible bond at par value
569.71p per share (pence sterling) - Cum income with convertible bond at par value
558.46p per share (pence sterling) - Capital only with convertible bond at fair value
568.98p per share (pence sterling) - Cum income with convertible bond at fair value
558.46p per share (pence sterling) - Capital only fully diluted for full conversion of bond
568.98p 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 29,000 shares on 31 October 2012 to be held in
treasury, the Company has in issue 41,483,247 shares, excluding 2,358,065
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).