Issue of Equity

F&C Latin American Inv Trust PLC
19 July 2005

F&C LATIN AMERICAN INVESTMENT TRUST PLC

EXERCISE OF WARRANTS


F&C Latin American Investment Trust PLC announces that warrant holders have
exercised their right to subscribe for a total of 92,016 ordinary shares of 10
cents each. Accordingly the Company has today allotted 92,016 ordinary shares at
the fixed subscription price of US$1.00 per share.

Following this exercise there are 71,185,351 ordinary shares in issue. A total
of 8,959,691 warrants remain outstanding.

Name and telephone number of contact for queries:

Mr D. Fallon
Tel: [phone]

Name of authorised Company official responsible for this notification:

Mr D Fallon
For and on behalf of F&C Emerging Markets Limited, Secretary

Date of notification

19 July 2005


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