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 11 February 2013 were:

980.41c per share (US cents) - Capital only with convertible bond at par value
1001.91c per share (US cents) - Cum income with convertible bond at par value
973.95c per share (US cents) - Capital only with convertible bond at fair value
995.44c per share (US cents) - Cum income with convertible bond at fair value
981.67c per share (US cents) - Capital only fully diluted for full conversion of bond
1000.55c per share (US cents) - Cum income fully diluted for full conversion of bond
625.89p per share (pence sterling) Capital only with convertible bond at par value
639.62p per share (pence sterling) - Cum income with convertible bond at par value
621.77p per share (pence sterling) - Capital only with convertible bond at fair value
635.49p per share (pence sterling) - Cum income with convertible bond at fair value
626.70p per share (pence sterling) - Capital only fully diluted for full conversion of bond
638.75p 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).