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: ( 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):

12 December 2012

(6). Date on which issuer notified:

17 December (after C.O.B)

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

From 22% to 19% if all convertible bonds were converted

(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: 6,078,866
Number of Voting rights(viii): 6,078,866

Resulting situation after the triggering transaction(vii):
Number of shares:
Direct: 6,078,866
Number of voting rights (ix):
Direct (x):
Indirect (xi): 6,078,866

% of voting rights(x):
Direct:
Indirect: 14.67%

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: 1,834,486

% of voting rights: 4.43%

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: 7,913,352

% of voting rights: 19.10 % if all convertible bonds were converted

(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:

12 December 2012

The Company announces the buyback of 15,948 3.5% convertible bonds 2015, for
cancellation, at a price of US$980 per convertible bond (excluding commission)
plus accrued interest of US$8.9178 per bond. The issued share capital of the
Company following this buyback will be:

Ordinary shares - 43,841,312 including 2,408,065 shares held in Treasury
Ordinary shares - 41,433,247 excluding 2,408,065 shares held in Treasury
Convertible bonds - $ 64,000,000

The above figure of ordinary shares less treasury shares in issue of 41,433,247
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in the Company under the FSA's Disclosure and
Transparency Rules.

(14). Contact name:

Barbara Powley
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 5610

18 December 2012