Net Asset Value(s)

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 15 February 2012 was:

1031.50c per share (US cents) - Capital only with convertible bond at par value
1063.08c per share (US cents) - Cum income with convertible bond at par value
1002.74c per share (US cents) - Capital only with convertible bond at fair value
1034.32c per share (US cents) - Cum income with convertible bond at fair value
1010.00c per share (US cents) - Capital only fully diluted for full conversion of bond
1036.59c per share (US cents) - Cum income fully diluted for full conversion of bond
657.27p per share (pence sterling) Capital only with convertible bond at par value
677.39p per share (pence sterling) - Cum income with convertible bond at par value
638.95p per share (pence sterling) - Capital only with convertible bond at fair value
659.07p per share (pence sterling) - Cum income with convertible bond at fair value
643.57p per share (pence sterling) - Capital only fully diluted for full conversion of bond
660.52p 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).