Acquisition by Issuer of Shares

BlackRock Greater Europe Investment Trust plc - Acquisition by Issuer of Shares 
                                                                               
On 22 September 2010, the Company offered to repurchase up to 20 per cent. of  
its issued ordinary shares excluding treasury shares (99,871,041).             
                                                                               
The Tender Offer was under subscribed and 2,898,166 shares (2.90% of the issued
ordinary shares excluding treasury shares) were tendered. The Tender was       
satisfied in full and on 2 December 2010, 2,898,166 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 
2,898,166 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 96,972,875 shares in issue       
excluding treasury shares.                                                     
                                                                               
7 December 2010                                                                
                                                                               
Caroline Driscoll - Company Secretary                                          
Tel: [phone]