Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business 6 October 2011 was:

842.30c per share (US cents) Capital only with convertible bond at par
864.96c per share (US cents) - Cum income with convertible bond at par value
831.64c per share (US cents) - Capital only with convertible bond at fair value
854.30c per share (US cents) - Cum income with convertible bond at fair value
547.58p per share (pence sterling) Capital only with convertible bond at par
562.31p per share (pence sterling) - Cum income with convertible bond at par value
540.65p per share (pence sterling) - Capital only with convertible bond at fair value
555.38p per share (pence sterling) - Cum income with convertible bond at fair value

Notes:

1. Investments have been valued on a bid price basis.

2. The fair value of the convertible bond is calculated using the market value
of the bonds when they are out of the money and the conversion value when they
are in the money. The convertible bonds are currently out of the money
therefore the fair value is calculated using the market value of the bonds.

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).