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 16 February 2012 was:

1043.81c per share (US cents) - Capital only with convertible bond at par value
1075.38c per share (US cents) - Cum income with convertible bond at par value
1015.06c per share (US cents) - Capital only with convertible bond at fair value
1046.62c per share (US cents) - Cum income with convertible bond at fair value
1020.25c per share (US cents) - Capital only fully diluted for full conversion of bond
1046.83c per share (US cents) - Cum income fully diluted for full conversion of bond
662.82p per share (pence sterling) Capital only with convertible bond at par value
682.87p per share (pence sterling) - Cum income with convertible bond at par value
644.56p per share (pence sterling) - Capital only with convertible bond at fair value
664.60p per share (pence sterling) - Cum income with convertible bond at fair value
647.86p per share (pence sterling) - Capital only fully diluted for full conversion of bond
664.74p 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).