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 on 23 August 2013 were:

768.18c per share (US cents) - Capital only with convertible bond at par value
786.01c per share (US cents) - Cum income with convertible bond at par value
765.67c per share (US cents) - Capital only with convertible bond at fair value
783.50c per share (US cents) - Cum income with convertible bond at fair value
765.67c per share (US cents) - Capital only fully diluted for full conversion of bond
783.50c per share (US cents) - Cum income fully diluted for full conversion of bond
492.63p per share (pence sterling) Capital only with convertible bond at par value
504.07p per share (pence sterling) - Cum income with convertible bond at par value
491.02p per share (pence sterling) - Capital only with convertible bond at fair value
502.46p per share (pence sterling) - Cum income with convertible bond at fair value
491.02p per share (pence sterling) - Capital only fully diluted for full conversion of bond
502.46p 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 implementation of the Tender Offer in April 2013, the Company
has 39,361,585 Ordinary Shares in issue (excluding 2,212,662 Ordinary Shares
held in treasury) and US$ 64,000,000 3.5% convertible bonds.

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)