NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Latin American Investment Trust
plc at close of business 28 January 2013 were:

977.60c per share (US cents) - Capital only with convertible bond at par value
999.08c per share (US cents) - Cum income with convertible bond at par value
971.12c per share (US cents) - Capital only with convertible bond at fair value
992.61c per share (US cents) - Cum income with convertible bond at fair value
979.09c per share (US cents) - Capital only fully diluted for full conversion of bond
997.92c per share (US cents) - Cum income fully diluted for full conversion of bond
622.44p per share (pence sterling) Capital only with convertible bond at par value
636.11p per share (pence sterling) - Cum income with convertible bond at par value
618.31p per share (pence sterling) - Capital only with convertible bond at fair value
631.99p per share (pence sterling) - Cum income with convertible bond at fair value
623.39p per share (pence sterling) - Capital only fully diluted for full conversion of bond
635.38p per share (pence sterling) - Cum income fully diluted for full conversion of bond

Notes:

1. Investments have been valued on a bid price basis.

2. The conversion price of the bonds is $9.83.

3. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

4. Following the buyback of US$15,948,000 of 3.5% convertible bonds on 12
December 2012 for cancellation, the Company has in issue 41,433,247 ordinary
shares, excluding 2,408,065 shares held in treasury and US$ 64,000,000 3.5%
convertible bonds.

5. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the BlackRock managed
Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).