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: ( )

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

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):

Advance Developing Markets Fund Ltd

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

Nortrust Nominees Limited

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

12 December 2012

(6). Date on which issuer notified:

23 January 2013

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

>9% (Ordinary Shares)

(8). Notified details:


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

Class/type of shares (if possible using the ISIN code): ORDINARY SHARES /
GB0005058408

Situation previous to the triggering transaction(vi):
Number of Shares: 3,772,874
Number of Voting rights(viii): 3,772,874

Resulting situation after the triggering transaction(vii):
Number of shares:
Direct: 3,772,874
Number of voting rights (ix):
Direct (x): 3,772,784
Indirect (xi): n/a

% of voting rights(x):
Direct: 9.1%
Indirect: n/a

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction (xii):

Type of financial instrument: Nil

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:

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: 3,772,874

% of voting rights: 9.1%


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

n/a

Proxy Voting:

(10). Name of the proxy holder:

n/a

(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:

Reduction is due to the sale of convertible bonds by the fund. There has been
no change in the holding of ordinary shares.
Advance Emerging Capital Ltd is investment manager to Advance Developing
Markets Fund Ltd

(14). Contact name:

Barbara Powley
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 5610


24 January 2013