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 26 July 2013 were:

799.63c per share (US cents) - Capital only with convertible bond at par value
815.47c per share (US cents) - Cum income with convertible bond at par value
790.58c per share (US cents) - Capital only with convertible bond at fair value
806.43c per share (US cents) - Cum income with convertible bond at fair value
790.58c per share (US cents) - Capital only fully diluted for full conversion
of bond
806.43c per share (US cents) - Cum income fully diluted for full conversion of
bond
520.24p per share (pence sterling) Capital only with convertible bond at par
value
530.54p per share (pence sterling) - Cum income with convertible bond at par
value
514.35p per share (pence sterling) - Capital only with convertible bond at fair
value
524.66p per share (pence sterling) - Cum income with convertible bond at fair
value
514.35p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
524.66p 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).