BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC: Tender Offer

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Canada, Australia or Japan 
BlackRock Latin American Investment Trust plc 
Tender offer 
Performance has been strong in the financial year ending 31 December 2012 with
the Company achieving an NAV return, with income reinvested, of 11.2% ,
compared to a return of 8.9% on the benchmark index (based on US$ cum income
unaudited figures with debt at fair value for the year ending 31 December
2012).   
The Board monitors the share price, trading volume, gearing levels and
prevailing discount/premium on a regular basis and has resolved, subject to
market conditions, to take such steps as are necessary to protect the Company's
share rating. The share price discount to NAV in the twelve months to 31
December 2012 averaged 7.85% (US$ cum income NAV with debt at fair value) and
9.84% in the six month period ending 31 December 2012. The estimated discount
on the same basis as at the close of business on 16 January 2013 was 7.94%. 
In view of the fact that the share price does not adequately reflect the
underlying asset value of the Company, the Board has decided to implement a
tender offer for up to 5% of the shares in issue (excluding treasury shares)
with a calculation date of 2 April 2013. The tender price will be 98 per cent
of the cum income NAV with debt at fair value. The record date for shareholders
for this tender offer is the close of business on 16 January 2013. This tender
follows the repurchase for cancellation of 15,948 of the 3.5% convertible bonds
2015 announced on 12 December 2012, approximately 20% of the outstanding issue. 
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  
END 
-0- Jan/17/2013 15:08 GMT
 
 
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