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: ( )

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

An event changing the breakdown of voting rights: ( X )

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):

15 September 2012

(6). Date on which issuer notified:

18 September 2012

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

From 29% to 28% if all convertible bonds were converted - Only 18.58% of
outstanding voting rights

(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: 7,725,944
Number of Voting rights(viii): 7,725,944

Resulting situation after the triggering transaction(vii):
Number of shares:
Direct: 7,725,944
Number of voting rights (ix):
Direct (x):
Indirect (xi): 7,725,944

% of voting rights(x):
Direct:
Indirect: 18.58%

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: 4,115,666

% of voting rights: 9.90%

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: 11,841,610

% of voting rights: 28.48% if all convertible bonds were converted - Only
18.58% of outstanding voting rights

(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 40,457 of the
convertible bonds. Each bond (GB00B3WB3026) can be converted currently to
101.7294 shares of GB0005058408 or a total of 4,115,666 shares.

The conversion price of the bonds is US$8.98 until (but excluding) 15 September
2012, and US$9.83 thereafter.

Following the implementation of the Tender Offer (the results of which were
announced on 2 April 2012) and following the buyback of 75,000 shares on 2 May
2012 to be held in treasury, the Company has in issue 43,841,312 shares, of
which 2,267,065 were held in treasury.

(14). Contact name:

Barbara Powley
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 5610


18 September 2012