Conversion of Securities

BlackRock Greater Europe Investment Trust plc

Conversion of Subscription Shares

Following the exercise of Subscription Share Rights by 51 holders of
Subscription Shares, the Board of BlackRock Greater Europe Investment Trust plc
announces that it has issued, subject to listing, 67,523 Ordinary Shares. The
Ordinary Shares will rank pari passu with the existing Ordinary Shares.

The Company has applied for these shares to be listed on the Official List and
commencement of dealings in the Ordinary Shares on the London Stock Exchange to
take place at 8.00 a.m. on 8 May 2015.

Following this conversion of Subscription Share Rights and listing, there will
be 105,743,866 Ordinary Shares (excluding 5,561,653 Ordinary Shares held in
treasury) and 20,565,777 Subscription Shares in issue.

5 May 2015

For further information, please contact:

Barbara Powley
BlackRock Investment Management (UK) Limited - Company Secretary
Telephone [phone]