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 2 January 2013 were:

963.66c per share (US cents) - Capital only with convertible bond at par value
985.18c per share (US cents) - Cum income with convertible bond at par value
962.56c per share (US cents) - Capital only with convertible bond at fair value
984.07c per share (US cents) - Cum income with convertible bond at fair value
966.78c per share (US cents) - Capital only fully diluted for full conversion
of bond
985.54c per share (US cents) - Cum income fully diluted for full conversion of
bond
591.78p per share (pence sterling) Capital only with convertible bond at par
value
605.00p per share (pence sterling) - Cum income with convertible bond at par
value
591.11p per share (pence sterling) - Capital only with convertible bond at fair
value
604.32p per share (pence sterling) - Cum income with convertible bond at fair
value
593.70p per share (pence sterling) - Capital only fully diluted for full
conversion of bond
605.22p 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).