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 20 June 2013 were:

755.57c per share (US cents) - Capital only with convertible bond at par value
769.69c per share (US cents) - Cum income with convertible bond at par value
746.48c per share (US cents) - Capital only with convertible bond at fair value
760.60c per share (US cents) - Cum income with convertible bond at fair value
746.48c per share (US cents) - Capital only fully diluted for full conversion of bond
760.60c per share (US cents) - Cum income fully diluted for full conversion of bond
488.55p per share (pence sterling) Capital only with convertible bond at par value
497.68p per share (pence sterling) - Cum income with convertible bond at par value
482.67p per share (pence sterling) - Capital only with convertible bond at fair value
491.80p per share (pence sterling) - Cum income with convertible bond at fair value
482.67p per share (pence sterling) - Capital only fully diluted for full conversion of bond
491.80p 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).