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 26 April 2012 were:

957.80c per share (US cents) - Capital only with convertible bond at par value
967.89c per share (US cents) - Cum income with convertible bond at par value
927.64c per share (US cents) - Capital only with convertible bond at fair value
937.72c per share (US cents) - Cum income with convertible bond at fair value
947.15c per share (US cents) - Capital only fully diluted for full conversion
of bond
955.42c per share (US cents) - Cum income fully diluted for full conversion of
bond
591.73p per share (pence sterling) Capital only with convertible bond at par
value
597.96p per share (pence sterling) - Cum income with convertible bond at par
value
573.10p per share (pence sterling) - Capital only with convertible bond at fair
value
579.32p per share (pence sterling) - Cum income with convertible bond at fair
value
585.15p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
590.26p 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. Following the implementation of the Tender Offer (the results of which were
announced on 2 April 2012 and which became effective on 5 April 2012) the
Company now has 43,841,312 shares in issue which includes 2,192,065 Ordinary
Shares which will be 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).