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 27 April 2012 were:

962.33c per share (US cents) - Capital only with convertible bond at par value
972.54c per share (US cents) - Cum income with convertible bond at par value
932.17c per share (US cents) - Capital only with convertible bond at fair value
942.38c per share (US cents) - Cum income with convertible bond at fair value
950.89c per share (US cents) - Capital only fully diluted for full conversion of bond
959.27c per share (US cents) - Cum income fully diluted for full conversion of bond
592.70p per share (pence sterling) Capital only with convertible bond at par value
598.99p per share (pence sterling) - Cum income with convertible bond at par value
574.12p per share (pence sterling) - Capital only with convertible bond at fair value
580.41p per share (pence sterling) - Cum income with convertible bond at fair value
585.66p per share (pence sterling) - Capital only fully diluted for full conversion of bond
590.81p 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).