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 23 September 2013 were:

843.10c per share (US cents) - Capital only with convertible bond at par value
846.53c per share (US cents) - Cum income with convertible bond at par value XD
842.44c per share (US cents) - Capital only with convertible bond at fair value
845.87c per share (US cents) - Cum income with convertible bond at fair value XD
842.44c per share (US cents) - Capital only fully diluted for full conversion of bond
845.87c per share (US cents) - Cum income fully diluted for full conversion of bond XD
525.84p per share (pence sterling) Capital only with convertible bond at par value
527.98p per share (pence sterling) - Cum income with convertible bond at par value XD
525.43p per share (pence sterling) - Capital only with convertible bond at fair value
527.57p per share (pence sterling) - Cum income with convertible bond at fair value XD
525.43p per share (pence sterling) - Capital only fully diluted for full conversion of bond
527.57p per share (pence sterling) - Cum income fully diluted for full conversion of bond XD

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 for the Bonds on 15
September 2013, the Company has 39,361,585 Ordinary Shares in issue (excluding 2,212,662 
Ordinary Shares held in treasury) and US$ 16,997,000 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)