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 24 February 2012 was:

1056.84c per share (US cents) - Capital only with convertible bond at par value
1088.87c per share (US cents) - Cum income with convertible bond at par value
1028.09c per share (US cents) - Capital only with convertible bond at fair value
1060.12c per share (US cents) - Cum income with convertible bond at fair value
1029.18c per share (US cents) - Capital only fully diluted for full conversion of bond
1055.52c per share (US cents) - Cum income fully diluted for full conversion of bond
666.44p per share (pence sterling) Capital only with convertible bond at par value
686.64p per share (pence sterling) - Cum income with convertible bond at par value
648.31p per share (pence sterling) - Capital only with convertible bond at fair value
668.51p per share (pence sterling) - Cum income with convertible bond at fair value
649.00p per share (pence sterling) - Capital only fully diluted for full conversion of bond
665.61p 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).