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 25 October 2011 was:

914.06c per share (US cents) Capital only with convertible bond at par
939.35c per share (US cents) - Cum income with convertible bond at par value
903.42c per share (US cents) - Capital only with convertible bond at fair value
928.71c per share (US cents) - Cum income with convertible bond at fair value
911.08c per share (US cents) - Capital only fully diluted for full conversion of bond including capital
932.00c per share (US cents) - Cum income fully diluted for full conversion of bond including income
572.29p per share (pence sterling) Capital only with convertible bond at par
588.13p per share (pence sterling) - Cum income with convertible bond at par value
565.63p per share (pence sterling) - Capital only with convertible bond at fair value
581.47p per share (pence sterling) - Cum income with convertible bond at fair value
570.43p per share (pence sterling) - Capital only fully diluted for full conversion of bond
583.53p 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).