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 27 November 2012 were:

870.66c per share (US cents) - Capital only with convertible bond at par value
888.73c per share (US cents) - Cum income with convertible bond at par value
869.52c per share (US cents) - Capital only with convertible bond at fair value
887.59c per share (US cents) - Cum income with convertible bond at fair value
869.52c per share (US cents) - Capital only fully diluted for full conversion
of bond
887.59c per share (US cents) - Cum income fully diluted for full conversion of
bond
543.20p per share (pence sterling) Capital only with convertible bond at par
value
554.48p per share (pence sterling) - Cum income with convertible bond at par
value
542.49p per share (pence sterling) - Capital only with convertible bond at fair
value
553.77p per share (pence sterling) - Cum income with convertible bond at fair
value
542.49p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
553.77p 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).