Tender Offer

Merrill Lynch Latin Amer Inv. Trust
23 January 2007




Merrill Lynch Latin American Investment Trust PLC


Discount control mechanism

The Board of Merrill Lynch Latin American Investment Trust PLC announces that it
has consulted its broker Cenkos Securities regarding the possible forthcoming
tender offer which would otherwise take place in March 2007. The Board has
concluded that it will not on this occasion exercise its discretion to implement
the next tender offer. The Board last announced its intention to implement a
tender offer for up to 20 per cent of the issued share capital in the interim
results announced on 8 August 2006 and subsequently implemented a tender offer
under which 7,818,306 Shares (which represented 14.05 per cent of the issued
share capital) were tendered. This tender was therefore undersubscribed.

Since 8 August 2006, being the date on which the intention to implement a tender
was last announced the NAV has increased from 323.56p per share to 396.68p being
the NAV at the close of business on 22 January 2007 an increase of 73.12p (23.1
per cent with net income reinvested). Over the same period the Company's
benchmark index, the MSCI EM Latin American Index, increased by 16.19 per cent.
Over that period the shares have continued to trade within a tight discount
range and on occasions have traded at a small premium. As at the close of
business on 22 January the middle market price of the shares was 383.00p and the
published NAV was 396.68p being a discount of 3.45% per cent.

Against the background of the strong investment and share price performance over
the period the Board have decided not to implement a tender offer on this
occasion.

In line with its discount control policy, the Board will however continue to
monitor the share rating and any discount closely and will implement share
repurchases in the market if the discount to net asset value widens to a level
above a discount of 2 per cent to net asset value on a consistent basis, being
the level at which the tender offer price has been implemented in the past.


Enquiries

Will Rogers, Cenkos Securities plc   020 7397 1920
Jonathan Ruck Keene, BlackRock    020 7743 3000




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