Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Latin American Investment Trust plc
at close of business 18 October 2011 was:

898.20c per share (US cents) Capital only with convertible bond at par
923.56c per share (US cents) - Cum income with convertible bond at par value
887.55c per share (US cents) - Capital only with convertible bond at fair value
912.91c per share (US cents) - Cum income with convertible bond at fair value
897.81c per share (US cents) - Capital only fully diluted for full conversion of bond including capital
918.77c per share (US cents) - Cum income fully diluted for full conversion of bond including income
574.31p per share (pence sterling) Capital only with convertible bond at par
590.52p per share (pence sterling) - Cum income with convertible bond at par value
567.50p per share (pence sterling) - Capital only with convertible bond at fair value
583.71p per share (pence sterling) - Cum income with convertible bond at fair value
574.06p per share (pence sterling) - Capital only fully diluted for full conversion of bond
587.46p 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).