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 April 2013 were:

941.32c per share (US cents) - Capital only with convertible bond at par value
944.32c per share (US cents) - Cum income with convertible bond at par value XD
932.60c per share (US cents) - Capital only with convertible bond at fair value
935.60c per share (US cents) - Cum income with convertible bond at fair value XD
932.60c per share (US cents) - Capital only fully diluted for full conversion of bond
935.60c per share (US cents) - Cum income fully diluted for full conversion of bond XD
621.93p per share (pence sterling) Capital only with convertible bond at par value
623.91p per share (pence sterling) - Cum income with convertible bond at par value XD
616.17p per share (pence sterling) - Capital only with convertible bond at fair value
618.15p per share (pence sterling) - Cum income with convertible bond at fair value XD
616.17p per share (pence sterling) - Capital only fully diluted for full conversion of bond
618.15p 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 cancellation of 2,192,065 ordinary shares held in treasury, the Company has in 
issue 41,433,247 ordinary shares, excluding 216,000 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).