Discount Control Mechanism

F&C Latin American Inv Trust PLC
03 April 2006


F&C Latin American Investment Trust PLC


Discount Control Mechanism

On 28 April 2004 F&C Latin American Investment Trust plc (the 'Company')
announced the introduction of a discount control mechanism whereby the Company
would make a tender offer for 7.5% of the issued share capital if the Ordinary
shares traded on average at a discount of more than 13.5% to the fully diluted
net asset value per share (cum income) on the 60 days ending on 31 March and 30
September in each year.

The Company announces that the average discount in the discount calculation
period ended 31 March 2006 was 7.24% and that accordingly no tender offer has
been triggered.

A circular in respect of the new tender offer which was announced on 17 March
2006 will be despatched on or around 12 April 2006.

Enquiries:

Peter Burnell                         01434 632 292

Merrill Lynch Investment Managers Limited
Jonathan Ruck Keene                   020 7743 2178

UBS Limited
Will Rogers                           020 7568 2939


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