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 3 May 2012 were:

950.55c per share (US cents) - Capital only with convertible bond at par value
962.14c per share (US cents) - Cum income with convertible bond at par value
920.34c per share (US cents) - Capital only with convertible bond at fair value
931.93c per share (US cents) - Cum income with convertible bond at fair value
941.24c per share (US cents) - Capital only fully diluted for full conversion of bond
950.78c per share (US cents) - Cum income fully diluted for full conversion of bond
586.68p per share (pence sterling) Capital only with convertible bond at par value
593.83p per share (pence sterling) - Cum income with convertible bond at par value
568.03p per share (pence sterling) - Capital only with convertible bond at fair value
575.19p per share (pence sterling) - Cum income with convertible bond at fair value
580.94p per share (pence sterling) - Capital only fully diluted for full conversion of bond
586.82p 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 came effective 5 April 2012) and following the buyback of 75,000 
shares on 2 May 2012 to be held in tresury, the company hold in issue 43,841,312 shares, of which
22,670,65 are 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).