Tender Offer

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Canada, Australia or Japan.

BlackRock Latin American Investment Trust plc

Tender offer

As part of their discount control policy, the Directors of the Company have the
discretion to make semi-annual tender offers in March and September of each
year. Since the last tender offer in October 2006 the shares have typically
traded at a relatively tight discount to their asset value and at times at a
premium to NAV thereby achieving the target discount control policy. The Board
have over this period only used the buyback powers once to acquire 400,000
shares in August 2008.

Over the year to 27 January 2009, the Company's share price discount to NAV
(capital only) averaged 3 per cent and the liquidity of the Shares, measured in
terms of their daily turnover, was also relatively good.  In every month over
the same period the discount has at times been at or below 2 per cent.

However over recent months notably in December and November due in particular
to the increased volatility of Latin American equity markets, the Company's
discount has widened and in the light of this, the Directors have resolved to
implement a tender offer in March for 7.5 per cent of the shares in issue. The
tender price will be 98 per cent of the cum income NAV as calculated as at the
close of business on 31 March 2009. The record date for shareholders for this
tender offer is to be the close of business on 29 January 2009.

The Directors do not intend to tender their shares.

The Board intends to post a circular to shareholders with the Annual Report and
Accounts in late February containing details of the tender offer and the
procedure for tendering shares.

For further information, please contact:

Peter Burnell - 01434 632 292
BlackRock Latin American Investment Trust plc

Jonathan Ruck Keene - 020 7743 3000
BlackRock Investment Management (UK) Limited

Will Rogers - 020 7397 1920
Cenkos Securities plc

Date: 29 January 2008