Discount Control Mechanism

F&C Latin American Inv Trust PLC
04 October 2005


Discount Control Mechanism

On 28 April 2004 F&C Latin American Investment Trust plc (the 'Company')
announced the introduction of a discount control mechanism whereby the Company
would make a tender offer for 7.5% of the issued share capital if the Ordinary
shares traded on average at a discount of more than 13.5% to the fully diluted
net asset value per share (cum income) during the 60 days ending on 31 March and
30 September in each year.

The Company announces that the average discount in the calculation period ended
30 September 2005 was greater than 13.5%. Accordingly a tender offer for 7.5% of
the Ordinary shares in issue has been triggered. A Circular detailing the terms
of tender offer will be sent to shareholders in due course.


Enquiries

F&C Emerging Markets Limited:
Rupert Brandt         0207 770 5274

UBS Limited:
Will Rogers           020 7568 2939
David Bliss           020 7568 4587


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