TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

BlackRock Latin American Investment Trust plc

(2). Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights: ( X )

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

(3). Full name of person(s) subject to the notification obligation (iii):

City of London Investment Management Company Limited

(4). Full name of shareholder(s) (if different from 3.) (iv):

(5). Date of the transaction (and date on which the threshold is crossed or reached if different) (v):

9 January 2013

(6). Date on which issuer notified:

11 January 2013

(7). Threshold(s) that is/are crossed or reached:

From 19% to 18% if all convertible bonds were converted

(8). Notified details:

A: Voting rights attached to shares (viii) (ix)

Class/type of shares (if possible using the ISIN code): Ord USD0.10/ GB0005058408

Situation previous to the triggering transaction(vi): Number of Shares: 6,083,406 Number of Voting rights(viii): 6,083,406

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction (xii):

Type of financial instrument: GB00B3WB3026

Expiration date (xiii): 15 September 2015

Exercise/Conversion Period/Date (xiv): First Conversion 22 September 2009

Number of voting rights that may be acquired if the instrument is exercised/ converted: 1,834,486

% of voting rights: 4.43%

C. Financial Instruments with similar economic effect to Qualifying Instruments (xv), (xvi)

Resulting situation after the triggering transaction:

Type of financial instrument:

Exercise Price:

Expiration date (xvii):

Exercise/Conversion Period/Date (xviii):

Number of voting rights instrument refers to:

% of voting rights (xix) (xx): 


Nominal:
Delta:

Total (A + B + C):

Number of voting rights: 7,828,544

% of voting rights: 18.89% if all convertible bonds were converted

(9). Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

All voting rights on all shares are controlled by City of London Investment Management Limited

Proxy Voting:

(10). Name of the proxy holder:

City of London Investment Management Company Limited

(11). Number of voting rights proxy holder will cease to hold:

N/A

(12). Date on which proxy holder will cease to hold voting rights:

Maturity of the convertible bond is 15 September 2015, with the last conversion date 1 September 2015

(13). Additional information:

(14). Contact name:

Barbara Powley
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 5610

11 January 2013

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