Tender Offer

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

3 April 2013

BlackRock Latin American Investment Trust plc

Results of the Tender Offer

Background

On 17 January 2013 the Board announced that it had resolved to implement a
tender offer for up to 5 per cent of the Company's issued Ordinary Shares
excluding treasury shares as at 16 January 2013 (2,071,662).

The Tender Offer was oversubscribed with 13,163,209 Ordinary Shares (31.8 per
cent of the issued Ordinary Shares) being tendered. Shareholders who tendered
shall have their basic entitlement (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 7.30063 per cent of their election for further
shares. All tendered Ordinary Shares will be held in treasury.

The Company announces that 2,192,065 Ordinary Shares which were held in
treasury were today cancelled. There are 216,000 Ordinary Shares currently held
by the Company in treasury. Following the implementation of the Tender Offer,
the Company will have 39,361,585 Ordinary Shares in issue (excluding 2,287,662
Ordinary Shares 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 41,649,247.

Tender Price

The Tender Price calculated as at close of business on 2 April 2013 (the
"Calculation Date") was 607.4530 pence per Ordinary Share.

Payments through CREST, in the case of uncertificated holders, are expected to
be paid on or as soon as practicable after 4 April 2013.

Payments to Shareholders by cheque, in the case of certificated holders, are
expected to be paid on or as soon as practicable after 4 April 2013. Balancing
share certificates will be despatched on or as soon as practicable after 4
April 2013.

Definitions

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

Enquiries
BlackRock Investment Management (UK) Limited
Simon White 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 customers of Cenkos Securities nor for
providing advice in relation to the Tender Offer.