Net Asset Value(s)

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business 14 October 2011 was:

912.97c per share (US cents) Capital only with convertible bond at par
935.79c per share (US cents) - Cum income with convertible bond at par value
902.31c per share (US cents) - Capital only with convertible bond at fair value
925.14c per share (US cents) - Cum income with convertible bond at fair value
910.04c per share (US cents) - Capital only fully diluted for full conversion of bond 
928.88c per share (US cents) - Cum income fully diluted for full conversion of bond 
577.91p per share (pence sterling) Capital only with convertible bond at par
592.36p per share (pence sterling) - Cum income with convertible bond at par value
571.16p per share (pence sterling) - Capital only with convertible bond at fair value
585.61p per share (pence sterling) - Cum income with convertible bond at fair value
576.06p per share (pence sterling) - Capital only fully diluted for full conversion of bond
587.98p 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).