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 on 5 June 2013 were:

859.69c per share (US cents) - Capital only with convertible bond at par value
873.42c per share (US cents) - Cum income with convertible bond at par value
850.59c per share (US cents) - Capital only with convertible bond at fair value
864.31c per share (US cents) - Cum income with convertible bond at fair value
850.59c per share (US cents) - Capital only fully diluted for full conversion of bond
864.31c per share (US cents) - Cum income fully diluted for full conversion of bond
558.54p per share (pence sterling) Capital only with convertible bond at par value
567.46p per share (pence sterling) - Cum income with convertible bond at par value
552.63p per share (pence sterling) - Capital only with convertible bond at fair value
561.54p per share (pence sterling) - Cum income with convertible bond at fair value
552.63p per share (pence sterling) - Capital only fully diluted for full conversion of bond
561.54p 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 $9.83.

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 Company will have
39,361,585 Ordinary Shares in issue (excluding 2,287,662 Ordinary 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).