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 on 28 May 2013 were:

922.14c per share (US cents) - Capital only with convertible bond at par value
935.68c per share (US cents) - Cum income with convertible bond at par value
913.02c per share (US cents) - Capital only with convertible bond at fair value
926.57c per share (US cents) - Cum income with convertible bond at fair value
913.02c per share (US cents) - Capital only fully diluted for full conversion of bond
926.57c per share (US cents) - Cum income fully diluted for full conversion of bond
613.32p per share (pence sterling) Capital only with convertible bond at par value
622.32p per share (pence sterling) - Cum income with convertible bond at par value
607.25p per share (pence sterling) - Capital only with convertible bond at fair value
616.26p per share (pence sterling) - Cum income with convertible bond at fair value
607.25p per share (pence sterling) - Capital only fully diluted for full conversion of bond
616.26p 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 $9.83.

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 Company will have
39,361,585 Ordinary Shares in issue (excluding 2,287,662 Ordinary Shares held
in treasury) and US$ 64,000,000 3.5% convertible bonds.

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).