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 on 26 April 2013 were:

930.34c per share (US cents) - Capital only with convertible bond at par value
938.44c per share (US cents) - Cum income with convertible bond at par value 
921.19c per share (US cents) - Capital only with convertible bond at fair value
929.29c per share (US cents) - Cum income with convertible bond at fair value 
921.19c per share (US cents) - Capital only fully diluted for full conversion of bond
929.29c per share (US cents) - Cum income fully diluted for full conversion of bond 
600.53p per share (pence sterling) Capital only with convertible bond at par value
605.76p per share (pence sterling) - Cum income with convertible bond at par value 
594.63p per share (pence sterling) - Capital only with convertible bond at fair value
599.86p per share (pence sterling) - Cum income with convertible bond at fair value 
594.63p per share (pence sterling) - Capital only fully diluted for full conversion of bond
599.86p 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 implementation of the Tender Offer, the Company will have
39,361,585 Ordinary Shares in issue (excluding 2,287,662 Ordinary 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).