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 27 December 2012 were:

933.13c per share (US cents) - Capital only with convertible bond at par value
954.52c per share (US cents) - Cum income with convertible bond at par value
932.03c per share (US cents) - Capital only with convertible bond at fair value
953.41c per share (US cents) - Cum income with convertible bond at fair value
932.03c per share (US cents) - Capital only fully diluted for full conversion
of bond
953.41c per share (US cents) - Cum income fully diluted for full conversion of
bond
578.54p per share (pence sterling) Capital only with convertible bond at par
value
591.80p per share (pence sterling) - Cum income with convertible bond at par
value
577.86p per share (pence sterling) - Capital only with convertible bond at fair
value
591.11p per share (pence sterling) - Cum income with convertible bond at fair
value
577.86p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
591.11p 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).