Tender Price

Merrill Lynch Latin Amer Inv. Trust
04 October 2006

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

4 October 2006

               MERRILL LYNCH LATIN AMERICAN INVESTMENT TRUST PLC

                                 Tender price


Results of the Tender Offer to purchase up to 20 per cent of the Shares in issue
             of Merrill Lynch Latin American Investment Trust PLC.


On 08 May 2006 at an Extraordinary General Meeting of Merrill Lynch Latin
American Investment Trust PLC (the 'Company') the Shareholders authorised the
Company to purchase its Shares in accordance with the terms of the Tender Offer
as set out in the circular to Shareholders dated 14 August 2006 (the 'Circular')
subject to certain conditions being met.

The Company is authorised to repurchase up to 20 per cent. (or 11,121,611
Shares) of its issued share capital at the Tender Price (a price per Share equal
to 98 per cent. of the NAV per Share on the Calculation Date, being 2 October
2006) from those Shareholders on the Register on the Record Date of 21 September
2006.

Results

As announced on 22 September 2006 Valid Tender Forms representing 7,818,306
Shares (which represents 14.05 per cent of the issued share capital) were
received by 3.00 pm on 21 September 2006, the Closing Date for the Tender Offer.

The Tender Offer was under subscribed and will therefore be satisfied in full.

All Shares purchased under the Tender Offer will be cancelled.

Tender Price

The Tender Price (equal to 98 per cent of the Net Asset Value per Share
calculated as at the close of business on 02 October 2006 (the 'Calculation
Date')) payable to Shareholders who have validly tendered Shares under the
Tender Offer is 617.08 cents per Share.  For the purposes of the Tender Offer,
the NAV used to calculate the Tender Price includes current period revenue and
accumulated revenue reserves. Based on the exchange rate as at 4 October payment
will be made in pounds sterling at a rate of 327.32 pence per share.

It is expected that payments to Shareholders by cheque, in the case of
certificated holders, or payments through CREST, in the case of uncertificated
holders, will be despatched as soon as practicable after 9 October 2006.

Balancing share certificates will be despatched and CREST accounts will be
settled in respect of Shares not repurchased as soon as practicable after 9
October 2006.


Shares in issue

Following implementation of the Tender Offer 47,789,753 Shares will remain in
issue.


Definitions

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


Enquiries

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

UBS Limited
Joseph Winkley                                     020 7567 8000


The Tender Offer is not being made, directly or indirectly, in or into or by the
use of mails or by any means or instrumentality (including, without limitation,
facsimile transmission, telex and telephone) of interstate or foreign commerce,
or any facility of a national securities exchange, of the United States, Canada,
Australia, or Japan, and the Tender Offer is not capable of being accepted by
any such use, means, instrumentality or facility or from within the United
States, Canada, Australia, or Japan.

UBS Limited 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 UBS Limited nor for providing
advice in relation to the Tender Offer.



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