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 18 June 2013 were:

815.46c per share (US cents) - Capital only with convertible bond at par value
829.58c per share (US cents) - Cum income with convertible bond at par value
806.37c per share (US cents) - Capital only with convertible bond at fair value
820.49c per share (US cents) - Cum income with convertible bond at fair value
806.37c per share (US cents) - Capital only fully diluted for full conversion of bond
820.49c per share (US cents) - Cum income fully diluted for full conversion of bond
522.47p per share (pence sterling) Capital only with convertible bond at par value
531.51p per share (pence sterling) - Cum income with convertible bond at par value
516.64p per share (pence sterling) - Capital only with convertible bond at fair value
525.69p per share (pence sterling) - Cum income with convertible bond at fair value
516.64p per share (pence sterling) - Capital only fully diluted for full conversion of bond
525.69p 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, the Company will have
39,361,585 Ordinary Shares in issue (excluding 2,287,662 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).