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 22 February 2012 was:

1051.97c per share (US cents) - Capital only with convertible bond at par value
1083.91c per share (US cents) - Cum income with convertible bond at par value
1023.22c per share (US cents) - Capital only with convertible bond at fair value
1055.16c per share (US cents) - Cum income with convertible bond at fair value
1025.11c per share (US cents) - Capital only fully diluted for full conversion of bond
1051.37c per share (US cents) - Cum income fully diluted for full conversion of bond
671.47p per share (pence sterling) Capital only with convertible bond at par value
691.86p per share (pence sterling) - Cum income with convertible bond at par value
653.12p per share (pence sterling) - Capital only with convertible bond at fair value
673.51p per share (pence sterling) - Cum income with convertible bond at fair value
654.33p per share (pence sterling) - Capital only fully diluted for full conversion of bond
671.09p 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).