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 23 February 2012 was:

1053.05c per share (US cents) - Capital only with convertible bond at par value
1085.06c per share (US cents) - Cum income with convertible bond at par value
1024.30c per share (US cents) - Capital only with convertible bond at fair
value
1056.31c per share (US cents) - Cum income with convertible bond at fair value
1026.02c per share (US cents) - Capital only fully diluted for full conversion
of bond
1052.34c per share (US cents) - Cum income fully diluted for full conversion of
bond
670.69p per share (pence sterling) Capital only with convertible bond at par
value
691.07p per share (pence sterling) - Cum income with convertible bond at par
value
652.38p per share (pence sterling) - Capital only with convertible bond at fair
value
672.76p per share (pence sterling) - Cum income with convertible bond at fair
value
653.47p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
670.24p 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).