Tender Offer

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

2 April 2012

BlackRock Latin American Investment Trust plc

Results of the Tender Offer

Background

On 13 January the Board announced that it had resolved to implement a tender
offer for up to 5 per cent of the Company's issued Ordinary Shares excluding
treasury shares as at 12 January 2012 (2,192,065).

The Tender Offer was oversubscribed with 15,916,079 Ordinary Shares (36.3 per
cent of the issued Ordinary Shares) being tendered. Shareholders who tendered
shall have their basic entitlement (5 per cent of their shares) satisfied in
full and their election for further shares will be scaled-back pro rata with
each shareholder receiving 7.01334 per cent of their election for further
shares. All tendered Ordinary Shares will be held in Treasury.

The Company currently holds no Ordinary Shares in Treasury. Following
implementation of the Tender Offer the Company will have 43,841,312 shares in
issue which will include 2,192,065 Ordinary Shares which are held in Treasury.

Following the Tender Offer the number of Ordinary Shares that the Company has
in issue, less the total number of Ordinary Shares held by the Company in
Treasury, is 41,649,247.

Tender Price

The Tender Price calculated as at close of business on 30 March 2012 (the
"Calculation Date") was 611.0594 pence per Ordinary Share.

Payments through CREST, in the case of uncertificated holders, are expected to
be paid on or as soon as practicable after 2 April 2012.

Payments to Shareholders by cheque, in the case of certificated holders, are
expected to be paid on or as soon as practicable after 2 April 2012. Balancing
share certificates will be despatched on or as soon as practicable after 
2 April 2012.

Definitions

Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.

Enquiries

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

Cenkos Securities
Will Rogers 020 7397 1920

Cenkos Securities is acting for the Company in connection with the Tender Offer
and no one else and will not be responsible to anyone other than the Company
for providing the protections offered to clients of Cenkos Securities nor for
providing advice in relation to the Tender Offer.