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 4 January 2013were:

969.84c per share (US cents) - Capital only with convertible bond at par value 991.31c per share (US cents) - Cum income with convertible bond at par value 964.88c per share (US cents) - Capital only with convertible bond at fair value 986.35c per share (US cents) - Cum income with convertible bond at fair value 972.14c per share (US cents) - Capital only fully diluted for full conversion of bond 990.87c per share (US cents) - Cum income fully diluted for full conversion of bond 604.79p per share (pence sterling) Capital only with convertible bond at par value 618.18p per share (pence sterling) - Cum income with convertible bond at par value 601.70p per share (pence sterling) - Capital only with convertible bond at fair value 615.09p per share (pence sterling) - Cum income with convertible bond at fair value 606.23p per share (pence sterling) - Capital only fully diluted for full conversion of bond 617.91p 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$15,948,000of 3.5% convertible bonds on 12 December 2012for cancellation, the Company has in issue 41,433,247 ordinary shares, excluding 2,408,065 shares held in treasury and US$ 64,000,0003.5% 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).

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