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 January 2012 was:

996.09c per share (US cents) - Capital only with convertible bond at par value
1027.11c per share (US cents) - Cum income with convertible bond at par value
980.99c per share (US cents) - Capital only with convertible bond at fair value
1012.01c per share (US cents) - Cum income with convertible bond at fair value
980.35c per share (US cents) - Capital only fully diluted for full conversion
of bond
1006.40c per share (US cents) - Cum income fully diluted for full conversion of
bond
635.80p per share (pence sterling) Capital only with convertible bond at par
value
655.60p per share (pence sterling) - Cum income with convertible bond at par
value
626.17p per share (pence sterling) - Capital only with convertible bond at fair
value
645.97p per share (pence sterling) - Cum income with convertible bond at fair
value
625.75p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
642.39p 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).