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 21 October 2011 was:

897.77c per share (US cents) Capital only with convertible bond at par
923.12c per share (US cents) - Cum income with convertible bond at par value
887.12c per share (US cents) - Capital only with convertible bond at fair value
912.47c per share (US cents) - Cum income with convertible bond at fair value
897.49c per share (US cents) - Capital only fully diluted for full conversion of bond including capital
918.45c per share (US cents) - Cum income fully diluted for full conversion of bond including income
562.90p per share (pence sterling) Capital only with convertible bond at par
578.80p per share (pence sterling) - Cum income with convertible bond at par value
556.22p per share (pence sterling) - Capital only with convertible bond at fair value
572.12p per share (pence sterling) - Cum income with convertible bond at fair value
562.73p per share (pence sterling) - Capital only fully diluted for full conversion of bond
575.87p 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).