Tender Offer

F&C Latin American Inv Trust PLC
04 November 2005


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


F&C LATIN AMERICAN INVESTMENT TRUST PLC

RESULT OF TENDER OFFER


Result of the Tender Offer to purchase up to 7.5% of the Ordinary Shares in
issue of F&C Latin American Investment Trust PLC and announcement of the Tender
Price.

Discount Control Mechanism and Tender Offer

F&C Latin American Investment Trust PLC (the 'Company') operates a discount
control mechanism whereby the Company will make a Tender Offer for 7.5% of the
issued share capital if the Ordinary shares trade 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.

On 4 October 2005, the Company announced that the average discount in the
calculation period ended 30 September 2005 was greater than 13.5% and that
accordingly a Tender Offer for 7.5% of the Ordinary shares in issue has been
triggered. Details of the Tender Offer were set out in a Circular to
Shareholders dated 14 October 2005. Shareholders approved the Tender Offer and
the repurchase of up to 6,010,878 Ordinary Shares at the Extraordinary General
Meeting held on 31 October 2005.

Results

Valid Tender Forms representing 42,093,323 Ordinary Shares were received by
3.00pm on 31 October 2005, the Closing Date of the Tender Offer.

The Basic Entitlements represented by those Shareholders validly tendering
Ordinary Shares were, in aggregate 3,793,660 Ordinary Shares. In total
38,299,663 were tendered by Shareholders in excess of their Basic Entitlements.
A scaleback ratio of 0.057892 will be applied to those Ordinary Shares tendered
in excess of Shareholders' Basic Entitlements.

In total the Company will repurchase 6,010,863 Ordinary Shares. All Ordinary
Shares purchased under the Tender Offer will be cancelled.

Tender Price

The price per Ordinary Share (equal to 95 per cent of the net asset value
calculated at the close of business on 31 October 2005 (the Calculation Date)
payable to Shareholders who have validly tendered Ordinary Shares under the
Tender Offer is 475.44 cents. For the purposes of the Tender Offer, the NAV and
the Tender NAV will include current period revenue and expenses incurred up to
the Calculation Date.

Settlement

Payments to Shareholders by cheque, in the case of certificated holders, or
payments through CREST, in the case of uncertificated holders, will be made in
pounds sterling (calculated at the Exchange Rate as at 11 November 2005) and are
expected to be despatched as soon as practicable after 14 November 2005.

Balancing share certificates will be despatched and CREST accounts will be
settled in respect of Ordinary Shares not repurchased as soon as practicable
after 14 November 2005.

Ordinary Shares in issue

Following the Tender Offer 74,134,179 Ordinary Shares will remain in issue.

The NAV per Ordinary Share as at the close of business on 31 October 2005 was
500.47 cents.

Definitions

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


Enquiries

F&C Emerging Markets Limited
Rupert Brandt                          020 7770 5274

UBS Limited
Will Rogers                            020 7568 2939


The Tender Offer is note 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 he protections offered to clients of UBS Limited nor for providing
advice in relation to the Tender Offer.


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