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 29 February 2012 was:

1052.13c per share (US cents) - Capital only with convertible bond at par value
1084.79c per share (US cents) - Cum income with convertible bond at par value
1022.90c per share (US cents) - Capital only with convertible bond at fair value
1055.55c per share (US cents) - Cum income with convertible bond at fair value
1025.59c per share (US cents) - Capital only fully diluted for full conversion of bond
1052.55c per share (US cents) - Cum income fully diluted for full conversion of bond
658.63p per share (pence sterling) Capital only with convertible bond at par value
679.08p per share (pence sterling) - Cum income with convertible bond at par value
640.34p per share (pence sterling) - Capital only with convertible bond at fair value
660.77p per share (pence sterling) - Cum income with convertible bond at fair value
642.02p per share (pence sterling) - Capital only fully diluted for full conversion of bond
658.90p 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).