Acquisition by Issuer of Shares

Merrill Lynch Greater Europe Investment Trust plc - Acquisition by Issuer 
of Shares                                                                 
                                                                          
On 26 October 2007, the Company offered to repurchase up to 20 per cent.  
of its issued ordinary shares (119,843,969).                              
                                                                          
The Tender Offer was under subscribed and 4,726,178 shares (3.94% of the  
issued shares) were tendered.  The Tender was satisfied in full and on 4  
December 2007, 4,726,178 shares were purchased by the Company under the   
Tender Offer.  All of the shares purchased are held in Treasury.          
                                                                          
The Company announces, pursuant to DTR 5.5.1 of the Disclosure and        
Transparency Rules, that as a result of the Tender Offer the purchase by  
the Company of the 4,726,178 shares fell below the threshold of 5% of the 
Company's total number of voting rights.                                  
                                                                          
As a result of the Tender Offer there are now 115,117,791 shares in issue.
                                                                          
6 December 2007                                                           
Barbara Powley - Company Secretary                                        
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