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 24 January 2012 was:

980.01c per share (US cents) - Capital only with convertible bond at par value
1011.05c per share (US cents) - Cum income with convertible bond at par value
967.18c per share (US cents) - Capital only with convertible bond at fair value
998.23c per share (US cents) - Cum income with convertible bond at fair value
966.94c per share (US cents) - Capital only fully diluted for full conversion
of bond
993.01c per share (US cents) - Cum income fully diluted for full conversion of
bond
628.77p per share (pence sterling) Capital only with convertible bond at par
value
648.69p per share (pence sterling) - Cum income with convertible bond at par
value
620.54p per share (pence sterling) - Capital only with convertible bond at fair
value
640.46p per share (pence sterling) - Cum income with convertible bond at fair
value
620.39p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
637.12p 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).