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 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):

30 December 2011

(6). Date on which issuer notified:

4 January 2012

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

30% (only 27.22% of outstanding voting rights if all convertible bonds 
held by City of London Investment Management Limited were converted to 
ordinary shares)

(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: 8,612,233
Number of Voting rights(viii): 8,612,233

Resulting situation after the triggering transaction(vii):
Number of shares:
Direct: n/a
Number of voting rights (ix):
Direct (x):
Indirect (xi): 8,638,578

% of voting rights(x):
Direct:
Indirect: 19.70%

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: 4,529,177

% of voting rights: 10.33%

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: 13,167,755

% of voting rights: 30.04% (only 27.22% if all convertible bonds held by 
City of London Investment Management Company Limited were converted to ordinary
shares)

(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:

City of London Investment Management Company Limited control 40,672 of the
convertible bonds. Each bond (GB00B3WB3026) can be converted from 22 September
2009 until 15 September 2012 for 111.3586 shares of GB0005058408. Based on
43,841,312 ordinary shares and the ability to convert entire Bond holdings into
4,529,177 ordinary shares.

(14). Contact name:

Sarah Beynsberger
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 2639


4 January 2012