Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 20 January 2012 was:

978.02c per share (US cents) - Capital only with convertible bond at par value
1009.09c per share (US cents) - Cum income with convertible bond at par value
965.19c per share (US cents) - Capital only with convertible bond at fair value
996.26c per share (US cents) - Cum income with convertible bond at fair value
965.24c per share (US cents) - Capital only fully diluted for full conversion
of bond
991.31c per share (US cents) - Cum income fully diluted for full conversion of
bond
629.84p per share (pence sterling) Capital only with convertible bond at par
value
649.85p per share (pence sterling) - Cum income with convertible bond at par
value
621.58p per share (pence sterling) - Capital only with convertible bond at fair
value
641.59p per share (pence sterling) - Cum income with convertible bond at fair
value
621.62p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
638.40p 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 $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. The number of shares in issue is 43,841,312. There are no shares remaining
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).