Tender Offer for Convertible Bonds

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

10 September 2013

BlackRock Latin American Investment Trust plc

Tender offer (Offer) for convertible bonds

Convertible bonds (Bonds) with a nominal amount of US$47,003,000 have been
tendered and will be cancelled.

The purchase price pursuant to the Offer equals the aggregate nominal amount of
the Bonds of the relevant holders of Bonds (Bondholders) accepted for purchase
less the pro rata costs of the Offer (rounded down to the nearest cent) 
(Purchase Price) The Purchase Price will be US$998.78 per US$1,000 in nominal
amount of Bonds.

The calculation date is 15 September 2013 and the Purchase Price will be paid
on 16 September 2013. The payment of interest for the six month period up to
(but excluding) 15 September 2013 will be made separately from the Purchase
Price.

Following cancellation the nominal amount of the Bonds outstanding will be
US$16,997,000 which is less than 25% in nominal amount of the Bonds originally
issued. This enables the Company on giving not less than 15 nor more than 45
days' notice in writing (an Optional Conversion Notice) to the Trustee and all
Bondholders, to convert, on the date (Optional Conversion Date) specified in
the Optional Conversion Notice, the whole (but not part only) of the Bonds into
ordinary shares at the conversion price applicable on the Optional Conversion
Date.

Once such an Optional Conversion Notice has been given the holding of Bonds of
each Bondholder shall be automatically converted at the conversion price
applicable on the Optional Conversion Date. However each Bondholder shall have
the right, by giving written notice to the Company within 15 days after the
service of an Optional Conversion Notice, to irrevocably require the Company,
in lieu of converting, to repay the whole or such part of their Bonds as may be
specified in such notice, at their nominal amount on the Optional Conversion
Date together with interest accrued up to but excluding the Optional Conversion
Date.

The Board intends to serve an Optional Conversion Notice as soon as
practicable.

It is expected that following the repurchase of the Bonds the Company will have
net gearing of approximately 10%.

Enquiries

BlackRock Investment Management (UK) Limited
Simon White 020 7743 3000

Cenkos Securities
Will Rogers 0207 397 1920