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 30 November 2012 were:

876.07c per share (US cents) - Capital only with convertible bond at par value
894.21c per share (US cents) - Cum income with convertible bond at par value
874.93c per share (US cents) - Capital only with convertible bond at fair value
893.08c per share (US cents) - Cum income with convertible bond at fair value
874.93c per share (US cents) - Capital only fully diluted for full conversion of bond
893.08c per share (US cents) - Cum income fully diluted for full conversion of bond
546.67p per share (pence sterling) Capital only with convertible bond at par value
557.99p per share (pence sterling) - Cum income with convertible bond at par value
545.96p per share (pence sterling) - Capital only with convertible bond at fair value
557.28p per share (pence sterling) - Cum income with convertible bond at fair value
545.96p per share (pence sterling) - Capital only fully diluted for full conversion of bond
557.28p 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).