Tender Offer

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

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Tender offer

2 August 2012

Further to the 5% tender offer in March this year which was fully taken up,
the Directors announce that they have decided not to implement a semi-annual
tender offer in September 2012. In the six month period ending 30 June 2012 the
Company's ordinary shares traded at an average discount to the cum income NAV
of 5.9 per cent, which widened during July to an average of 8.7%. These
figures compare with a 6.3 per cent discount for the six months ending 
31 December 2011.

The Board regards the level of discount in recent months as too high. However
in current market circumstances and given the effects on gearing they do not
believe that another regular tender offer this September is in the interests of
shareholders as a whole. The Board also note that the conversion price on the
convertible bonds in issue is due to increase from US$8.98 per share to US$9.83
per share with effect from 15 September 2012.

The Board monitors the share price, trading volume, gearing levels and
prevailing discount/premium on a regular basis and has resolved, subject to
market conditions, to take such steps as are necessary from time to time to
protect the Company's share rating.

For further information, please contact:

Peter Burnell - 07850 171778
BlackRock Latin American Investment Trust plc

Simon White 020 7743 5284
BlackRock Investment Management (UK) Limited

Will Rogers - 020 7397 1920
Cenkos Securities plc