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 30 September 2013 were:

810.25c per share (US cents) - Capital only with convertible bond at par value
815.06c per share (US cents) - Cum income with convertible bond at par value XD
805.62c per share (US cents) - Capital only with convertible bond at fair value
810.44c per share (US cents) - Cum income with convertible bond at fair value XD
805.62c per share (US cents) - Capital only fully diluted for full conversion of bond
810.44c per share (US cents) - Cum income fully diluted for full conversion of bond XD
500.33p per share (pence sterling) Capital only with convertible bond at par value
503.30p per share (pence sterling) - Cum income with convertible bond at par value XD
497.47p per share (pence sterling) - Capital only with convertible bond at fair value
500.45p per share (pence sterling) - Cum income with convertible bond at fair value XD
497.47p per share (pence sterling) - Capital only fully diluted for full conversion of bond
500.45p per share (pence sterling) - Cum income fully diluted for full conversion of bond XD

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 for the Bonds on 15
September 2013, the Company has 39,361,585 Ordinary Shares in issue 
(excluding 2,212,662 Ordinary Shares held in treasury) and US$ 16,997,000
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)