Interim Management Statement

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

Interim Management Statement- 3 months to 30 September 2008

To the members of BlackRock Latin American Investment Trust plc.

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. It
should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 July 2008 to 30
September 2008, and contains information that covers this period, and up to the
date of publication of this interim management statement. Please note more
detailed performance information is available on the Investment Manager's
website-www.blackrock.co.uk/its.

The Company's objective is to secure long term capital growth primarily through
investing in quoted securities in Latin America. The Company is managed by Will
Landers of BlackRock Investment Management.

Stock Performance

Cumulative Performance(%):

                                   One      Three        One       Five
                                 Month     Months       Year      Years
                                                                       
Net Asset Value                 -24.3%     -37.2%     -29.7%     235.6%
Share Price                     -28.7%     -42.1%     -36.4%     290.3%
MSCI EM Latin America Index     -19.6%     -32.6%     -21.1%     314.9%

All performance figures are in $ on a total return basis.

Ten Largest Equity Holdings at 30 September 2008

Ambev Cia de Bebidas
América Móvil
Banco Bradesco
Banco Itaú
CVRD
Grupo Financiero Banorte
Petrobrás
Tenaris
Unibanco
Usiminas

Financial position and performance as at 30 September 2008

Gross Assets (£m)                         212.84
Short term borrowings (£m)                 12.63
Net asset value - Capital only           418.11p
Net asset value - Total return           422.45p   
Share Price*                             377.50p
Ordinary Shares in Issue              47,389,753
Actual Gearing                              5.9%
Discount to NAV*                            9.7%
Average discount to NAV for 3 
months to 30 September 2008                 3.2%                  

*1.78245 GBP-USD Exchange Rate Used

Material Events

An interim dividend of 2.5 cents per share was declared on 5 August, payable on
26 September to shareholders on the register on 15 August.

There were no other material events during the period.

Material Transactions

During the period 400,000 shares were bought back and placed into treasury.

Despite continuing volatility arising from the economic turmoil, the Board is
not aware of any material events or transactions, occurring between 30
September 2008 and the date of publication of this interim management statement
which would have a material impact on the financial position of the Company.

Latest information is available by typing, www.blackrock.co.uk/its on the
internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV
terminal).

Contact details:

Barbara Powley
Company Secretary

Tel: [phone]

12 November 2008