Tender Offer

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

23 March 2009

                 BlackRock Latin American Investment Trust plc                 

                          Results of the Tender Offer                          

Background

The Company offered to repurchase up to 7.5 per cent. of its issued Ordinary
Shares excluding any Shares held in treasury (3,554,231).

The Tender Offer was oversubscribed and 17,703,293 Ordinary Shares (37.4 per
cent of the issued Ordinary Shares excluding treasury shares) were tendered.
Shareholders who tendered shall have their basic entitlement (7.5 per cent of
their shares) satisfied in full and their election for further shares will be
scaled-back pro rata with each shareholder receiving 10.67257 per cent of their
election for further shares

Expected timetable of events

Calculation date close of business on 31 March 2009

US$ Tender price announced on 1 April 2009

Conversion date is 2 April 2009

Sterling cheques despatched and payments made through CREST on 6 April 2009

Balancing Ordinary Share certificates despatched and CREST accounts settled 
on 9 April 2009

Definitions

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

Enquiries

BlackRock Investment Management (UK) Limited 020 7743 3000

Jonathan Ruck Keene

Cenkos Securities 020 7397 1920

Will Rogers

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.