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 1 February 2013 were:

999.76c per share (US cents) - Capital only with convertible bond at par value
1021.17c per share (US cents) - Cum income with convertible bond at par value
993.29c per share (US cents) - Capital only with convertible bond at fair value
1014.70c per share (US cents) - Cum income with convertible bond at fair value
998.29c per share (US cents) - Capital only fully diluted for full conversion of bond
1017.06c per share (US cents) - Cum income fully diluted for full conversion of bond
634.95p per share (pence sterling) Capital only with convertible bond at par value
648.55p per share (pence sterling) - Cum income with convertible bond at par value
630.84p per share (pence sterling) - Capital only with convertible bond at fair value
644.44p per share (pence sterling) - Cum income with convertible bond at fair value
634.01p per share (pence sterling) - Capital only fully diluted for full conversion of bond
645.93p 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 buyback of US$15,948,000 of 3.5% convertible bonds on 12
December 2012 for cancellation, the Company has in issue 41,433,247 ordinary
shares, excluding 2,408,065 shares held in treasury and US$ 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).