Result of Tender offer

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

1 April 2009

                 BlackRock Latin American Investment Trust plc                 

                          Results of the Tender Offer                          

Background

The Company offered to repurchase up to 7.5 per cent of its issued Ordinary
Shares excluding treasury shares (3,554,231).

The Tender Offer was oversubscribed and 17,703,293 Ordinary Shares (37.4% per
cent of the issued Ordinary Shares excluding treasury shares) were tendered.
Shareholders who tendered shall have their basic entitlement (7.5 per cent of
their shares) satisfied in full and their election for further shares will be
scaled-back pro rata with each shareholder receiving 10.67257 per cent of their
election for further shares. All tendered Ordinary Shares will be held in
Treasury.

The Company currently holds 400,000 Ordinary Shares in Treasury. Following
implementation of the Tender Offer the Company will have 47,789,753 shares in
issue which will include 3,954,231 Ordinary Shares which are held in Treasury.

Following the Tender Offer the number of Ordinary Shares that the Company has
in issue, less the total number of Ordinary Shares held by the Company in
Treasury, is 43,835,522.

Tender Price

The Tender Price calculated as at close of business on 31 March 2009 (the
"Calculation Date") was 465.18 cents per Ordinary Share. Payments will be made
in pounds sterling based on the exchange rate as at 2 April 2009.

Payments to Shareholders by cheque, in the case of certificated holders, are
expected to be paid on 6 April 2009.

Payments through CREST, in the case of uncertificated holders, are expected to
be paid on 6 April 2009.

CREST accounts will be settled on 6 April 2009.

Balancing share certificates will be despatched on 6 April 2009.

Definitions

Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.

Enquiries

BlackRock Investment Management (UK) Limited
Jonathan Ruck Keene    020 7743 3000

Cenkos Securities
Will Rogers 020 7397 1920


Cenkos Securities is acting for the Company in connection with the Tender Offer
and no one else and will not be responsible to anyone other than the Company   
for providing the protections offered to clients of Cenkos Securities nor for  
providing advice in relation to the Tender Offer.