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 26 September 2013 were:

825.45c per share (US cents) - Capital only with convertible bond at par value
828.87c per share (US cents) - Cum income with convertible bond at par value XD
820.90c per share (US cents) - Capital only with convertible bond at fair value
824.33c per share (US cents) - Cum income with convertible bond at fair value XD
820.90c per share (US cents) - Capital only fully diluted for full conversion of bond
824.33c per share (US cents) - Cum income fully diluted for full conversion of bond XD
515.82p per share (pence sterling) Capital only with convertible bond at par value
517.96p per share (pence sterling) - Cum income with convertible bond at par value XD
512.98p per share (pence sterling) - Capital only with convertible bond at fair value
515.12p per share (pence sterling) - Cum income with convertible bond at fair value XD
512.98p per share (pence sterling) - Capital only fully diluted for full conversion of bond
515.12p 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)