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 18 June 2012 were:

831.95c per share (US cents) - Capital only with convertible bond at par value
846.54c per share (US cents) - Cum income with convertible bond at par value
821.98c per share (US cents) - Capital only with convertible bond at fair value
836.56c per share (US cents) - Cum income with convertible bond at fair value
831.95c per share (US cents) - Capital only fully diluted for full conversion
of bond
846.54c per share (US cents) - Cum income fully diluted for full conversion of
bond
530.95p per share (pence sterling) Capital only with convertible bond at par
value
540.26p per share (pence sterling) - Cum income with convertible bond at par
value
524.59p per share (pence sterling) - Capital only with convertible bond at fair
value
533.89p per share (pence sterling) - Cum income with convertible bond at fair
value
530.95p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
540.26p 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 $8.98 until (but excluding) 15
September 2012 and $9.83 thereafter.
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 results of which were
announced on 2 April 2012 and which became effective on 5 April 2012) and
following the buyback of 75,000 shares on 2 May 2012 to be held in treasury,
the company hold in issue 43,841,312 shares, of which 2,267,065 were held in
treasury.
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).