Tender Offer

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Canada, Australia or Japan.

BlackRock Latin American Investment Trust plc

Tender offer

As part of their discount control policy, the Directors of the Company have
resolved to implement a tender offer in March for up to 5 per cent of the
shares in issue. The tender price will be 98 per cent of the cum income diluted
NAV calculated as at the close of business on 30 March 2012. The record date
for shareholders for this tender offer is the close of business on 12 January
2012.

Since the last tender offer in March 2009 the shares have typically traded at a
tight discount to their asset value and at times at a premium to NAV. However
over recent months the Company's discount has at times widened and in the light
of this widening, the Directors have resolved to implement this tender offer.

The Directors do not intend to tender their shares.

The Board intends to post a circular to shareholders in late February
containing details of the tender offer and the procedure for tendering shares.

For further information, please contact:

Peter Burnell - 01434 632 292
BlackRock Latin American Investment Trust plc

Simon White - 020 7743 3000
BlackRock Investment Management (UK) Limited

Will Rogers - 020 7397 1920
Cenkos Securities plc

Date: 13 January 2012