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 20 October 2011 was:

871.53c per share (US cents) Capital only with convertible bond at par
896.88c per share (US cents) - Cum income with convertible bond at par value
860.88c per share (US cents) - Capital only with convertible bond at fair value
886.23c per share (US cents) - Cum income with convertible bond at fair value
871.53c per share (US cents) - Capital only fully diluted for full conversion of bond including capital
896.88c per share (US cents) - Cum income fully diluted for full conversion of bond including income
555.69p per share (pence sterling) Capital only with convertible bond at par
571.85p per share (pence sterling) - Cum income with convertible bond at par value
548.90p per share (pence sterling) - Capital only with convertible bond at fair value
565.06p per share (pence sterling) - Cum income with convertible bond at fair value
555.69p per share (pence sterling) - Capital only fully diluted for full conversion of bond
571.85p 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).