Discount Control Mechanism

F&C Latin American Inv Trust PLC
01 October 2004


Discount Control Mechanism

The Company announces that it is today posting tender offer forms to
Shareholders, Warrantholders and participants in the F&C Savings Schemes. These
will enable Shareholders on the register on the record date of 15 October 2004
to tender some or all of their Ordinary Shares. The Tender Price will be
determined on 15 October 2004 and will be equal to 95 per cent of the Tender NAV
on that date.

A Tender Offer will be made for up to 7.5 per cent of the Ordinary Shares in
issue.

The Tender Offer has been triggered due to the average discount on the Ordinary
Shares for the 60 day period ending on 30 September 2004 being in excess of 13.5
per cent in accordance with the Circular sent to Shareholders and Warrantholders
on 27 August 2004.

Warrantholders can participate in the Tender Offer by exercising their Warrants
ahead of the Warrantholder Record Date, being 11 October 2004.



Enquiries:

UBS Limited
Will Rogers               020 7568 2939
David Bliss               020 7568 4587


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