Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 1 May 2012 were:

953.79c per share (US cents) - Capital only with convertible bond at par value
965.23c per share (US cents) - Cum income with convertible bond at par value
923.62c per share (US cents) - Capital only with convertible bond at fair value
935.07c per share (US cents) - Cum income with convertible bond at fair value
943.90c per share (US cents) - Capital only fully diluted for full conversion of bond
953.31c per share (US cents) - Cum income fully diluted for full conversion of bond
588.01p per share (pence sterling) Capital only with convertible bond at par value
595.06p per share (pence sterling) - Cum income with convertible bond at par value
569.41p per share (pence sterling) - Capital only with convertible bond at fair value
576.47p per share (pence sterling) - Cum income with convertible bond at fair value
581.91p per share (pence sterling) - Capital only fully diluted for full conversion of bond
587.72p 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).