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 26 November 2012 were:

878.44c per share (US cents) - Capital only with convertible bond at par value
896.51c per share (US cents) - Cum income with convertible bond at par value
877.30c per share (US cents) - Capital only with convertible bond at fair value
895.37c per share (US cents) - Cum income with convertible bond at fair value
877.30c per share (US cents) - Capital only fully diluted for full conversion of bond
895.37c per share (US cents) - Cum income fully diluted for full conversion of bond
548.23p per share (pence sterling) Capital only with convertible bond at par value
559.51p per share (pence sterling) - Cum income with convertible bond at par value
547.52p per share (pence sterling) - Capital only with convertible bond at fair value
558.80p per share (pence sterling) - Cum income with convertible bond at fair value
547.52p per share (pence sterling) - Capital only fully diluted for full conversion of bond
558.80p 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 $9.83.

3. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

4. Following the buyback of 50,000 shares on 7 November 2012 to be held in
treasury, the Company has in issue 41,433,247 shares, excluding 2,408,065
shares held 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).