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 17 October 2011 was:

882.35c per share (US cents) Capital only with convertible bond at par
906.93c per share (US cents) - Cum income with convertible bond at par value
871.70c per share (US cents) - Capital only with convertible bond at fair value
896.28c per share (US cents) - Cum income with convertible bond at fair value
884.62c per share (US cents) - Capital only fully diluted for full conversion of bond including capital
904.93c per share (US cents) - Cum income fully diluted for full conversion of bond including income
559.23p per share (pence sterling) Capital only with convertible bond at par
574.81p per share (pence sterling) - Cum income with convertible bond at par value
552.48p per share (pence sterling) - Capital only with convertible bond at fair value 
568.06p per share (pence sterling) - Cum income with convertible bond at fair value
560.68p per share (pence sterling) - Capital only fully diluted for full conversion of bond
573.54p 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).