Net Asset Value(s)

NNET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 26 January 2012 was:

999.32c per share (US cents) - Capital only with convertible bond at par value
1030.35c per share (US cents) - Cum income with convertible bond at par value
984.22c per share (US cents) - Capital only with convertible bond at fair value
1015.25c per share (US cents) - Cum income with convertible bond at fair value
983.02c per share (US cents) - Capital only fully diluted for full conversion
of bond
1009.08c per share (US cents) - Cum income fully diluted for full conversion of
bond
636.57p per share (pence sterling) Capital only with convertible bond at par
value
656.33p per share (pence sterling) - Cum income with convertible bond at par
value
626.95p per share (pence sterling) - Capital only with convertible bond at fair
value
646.71p per share (pence sterling) - Cum income with convertible bond at fair
value
626.19p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
642.78p 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).