Holding(s) in Company

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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : Initial notification as per regulatory requirement ( ) (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): 24 February 2009 (6). Date on which issuer notified: 26 February 2009 (7). Threshold(s) that is/are crossed or reached: 17% (8). Notified details: A: Voting rights attached to shares Class/type of shares (if possible using the ISIN code): Ord USD0.10 / GB0005058408 Situation previous to the triggering transaction(vi): Number of Shares: 8,728,009 Number of Voting rights(viii): 8,728,009 Resulting situation after the triggering transaction(vii): Number of shares: Direct: 8,478,009 Number of voting rights (ix): Direct (x): Indirect (xi): 8,478,009 % of voting rights: Direct: Indirect: 17.89% B. Financial Instruments Resulting situation after the triggering transaction (xii): Type of financial instrument: Expiration date (xiii): Exercise/Conversion Period/Date (xiv): Number of voting rights that may be acquired if the instrument is exercised/ converted: % of voting rights: Total (A + B): Number of voting rights: 8,478,009 % of voting rights: 17.89% (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: N/A (13). Additional information: N/A (14). Contact name: Mrs A B Powley For BlackRock Investment Management (UK) Limited Secretary (15). Contact telephone number: 020 7743 5610 26 February 2009
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