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 24 December 2012 were:

930.75c per share (US cents) - Capital only with convertible bond at par value
949.49c per share (US cents) - Cum income with convertible bond at par value
929.64c per share (US cents) - Capital only with convertible bond at fair value
948.38c per share (US cents) - Cum income with convertible bond at fair value
929.64c per share (US cents) - Capital only fully diluted for full conversion
of bond
948.38c per share (US cents) - Cum income fully diluted for full conversion of
bond
577.34p per share (pence sterling) Capital only with convertible bond at par
value
588.97p per share (pence sterling) - Cum income with convertible bond at par
value
576.66p per share (pence sterling) - Capital only with convertible bond at fair
value
588.28p per share (pence sterling) - Cum income with convertible bond at fair
value
576.66p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
588.28p 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 buyback of US$15,948,000 of 3.5% convertible bonds on 12
December 2012 for cancellation, the Company has in issue 41,433,247 ordinary
shares, excluding 2,408,065 shares held in treasury and US$ 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).