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 3 January 2013 were:

970.66c per share (US cents) - Capital only with convertible bond at par value
992.19c per share (US cents) - Cum income with convertible bond at par value
965.70c per share (US cents) - Capital only with convertible bond at fair value
987.23c per share (US cents) - Cum income with convertible bond at fair value
972.84c per share (US cents) - Capital only fully diluted for full conversion of bond
991.62c per share (US cents) - Cum income fully diluted for full conversion of bond
600.74p per share (pence sterling) Capital only with convertible bond at par value
614.07p per share (pence sterling) - Cum income with convertible bond at par value
597.67p per share (pence sterling) - Capital only with convertible bond at fair value
611.00p per share (pence sterling) - Cum income with convertible bond at fair value
602.09p per share (pence sterling) - Capital only fully diluted for full conversion of bond
613.71p 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).