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 3 September 2013 were:

746.30c per share (US cents) - Capital only with convertible bond at par value
764.45c per share (US cents) - Cum income with convertible bond at par value
743.80c per share (US cents) - Capital only with convertible bond at fair value
761.95c per share (US cents) - Cum income with convertible bond at fair value
743.80c per share (US cents) - Capital only fully diluted for full conversion of bond
761.95c per share (US cents) - Cum income fully diluted for full conversion of bond
480.54p per share (pence sterling) Capital only with convertible bond at par value
492.23p per share (pence sterling) - Cum income with convertible bond at par value
478.93p per share (pence sterling) - Capital only with convertible bond at fair value
490.62p per share (pence sterling) - Cum income with convertible bond at fair value
478.93p per share (pence sterling) - Capital only fully diluted for full conversion of bond
490.62p 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)