Conversion of Securities

BlackRock Greater Europe Investment Trust plc

31 March 2015

Reminder of your right to subscribe for Ordinary Shares at 248p per share on
the last business day of April 2015 (Thursday, 30 April 2015).

This announcement is issued by way of reminder only and is not to be read as a
recommendation to Subscription Shareholders to exercise their Subscription
Share Rights or otherwise. You will still have further opportunities to
subscribe for all or any of the Ordinary Shares to which your Subscription
Shares relate on the last business day of July, October, January and April at
248p per share between July 2015 and April 2016, if you choose not to do so on
this occasion. A reminder letter will be sent to you prior to the final
exercise date. All Subscription Shareholders are strongly advised to consult
their professional advisers regarding their own tax position.

As set out in the combined prospectus and circular of BlackRock Greater Europe
Investment Trust plc (the "Company") dated 25 March 2013 (the "Prospectus"),
owners of Subscription Shares can subscribe for Ordinary Shares of 0.1 pence
each in the Company on a quarterly basis and this announcement is intended to
remind you of that right.

Capitalised terms in this announcement shall have the meanings given to them in
the Prospectus.

If you are in any doubt about the action you should take, you are recommended
immediately to seek your own personal financial advice from your independent
financial adviser, stockbroker, solicitor, accountant, bank manager or from an
appropriately qualified independent adviser authorised pursuant to the
Financial Services and Markets Act 2000.

Exercise of Subscription Share Rights held in Certificated form

Shareholders wishing to exercise their Subscription Share Rights, who hold
their shares in Certificated form, should refer to the instructions on the
reverse of their Subscription Share Certificate(s). Shareholders must lodge the
relevant Subscription Share Certificate(s) at the office of Computershare
Priority Applications, Corporate Actions, Bristol BS99 6AJ by not later than
5.00 p.m. on the relevant Subscription Date (being, in the case of the next
Subscription Date, 30 April 2015), having completed the notice of exercise of
Subscription Share Rights, and a remittance for the aggregate Subscription
Price for the Ordinary Shares in respect of which the Subscription Share Rights
are being exercised. Shares will be allotted within ten business days of the
first business day of the calendar month following the month in which the
relevant notice of exercise of Subscription Share Rights was given (meaning, in
the case of the next Subscription Date, by 15 May 2015).

Exercise of Subscription Share Rights held through CREST

Shareholders wishing to exercise their Subscription Share Rights, who hold
their Shares through CREST, should send a USE (Unmatched Stock Event)
instruction as set out below together with a remittance for the aggregate
Subscription Price in respect of which the Subscription Share Rights are being
exercised. When sending a USE instruction, Shareholders should use the
following participant and member account IDs when processing their
instructions:

CREST Participant ID = 0RA36
CREST Member Account ID = GREATER

The USE instruction should be inputted to settle in accordance with the CREST
timetable on the relevant Subscription Date (being, in the case of the next
Subscription Date, 30 April 2015). Shares will be allotted within ten business
days of the first business day of the calendar month following the month in
which the relevant notice of exercise of Subscription Share Rights was given
(meaning, in the case of the next Subscription Date, by 15 May 2015). All times
referred to relate to the normal CREST daily timetable. It is a Subscription
Shareholder's responsibility to monitor that timetable for changes until 
2.00 p.m. on 30 April 2015 and to take appropriate action if any of the events
are brought forward.

If you have any enquiries regarding the procedures described above, these
should be referred, in the case of CREST sponsored members, to their CREST
sponsor and, in the case of other members including CREST sponsors, to the
Receiving Agent, at Computershare Investor Services PLC, PO Box 859, The
Pavilions, Bridgwater Road, Bristol BS99 1XZ, telephone [phone].

Exercise of Subscription Share Rights held through the BlackRock Savings Plan
or Stocks & Shares NISA

Savings Scheme Participants wishing to exercise their Subscription Share Rights
should download the Savings Plan Notice of Exercise of Subscription Share
Rights Form or the Stocks & Shares NISA Notice of Exercise of Subscription
Share Rights Form which are available from the BlackRock website
blackrock.co.uk/brge.

Please complete and return the relevant form(s) to the address given at the top
of the form. Forms must be received at least seven business days before the
relevant Subscription Date and therefore should be received by 21 April 2015.

Shares arising from the exercise of Subscription Share Rights will be issued
within ten business days of the first business day of the calendar month
following the month in which the relevant notice of exercise of Subscription
Share Rights was given (meaning, in the case of the next Subscription Date, by
15 May 2015). A contract note confirming the number of shares acquired will be
posted to you on the following business day.

If you have any other queries, please contact our Investor Services Team by
email at [e-mail]. Alternatively, contact us by telephone on
0800 44 55 22, quoting the relevant account number. Our lines are open from
8.30am to 6.00pm, Monday to Friday. For your protection, telephone calls may be
recorded.

Net asset value and share price information

The net asset value per Ordinary Share (fully diluted, cum income) and the
closing prices for the Company's Ordinary Shares and Subscription Shares, taken
from the Daily Official List of the London Stock Exchange on the first dealing
day in each of the six months prior to the date of this announcement and on the
latest practicable date prior to the date of this announcement, were as
follows:

                 Net Asset Value       Ordinary Share       Subscription Share
                         (pence)        Price (pence)            Price (pence)
2014                                                                          
1 October                 235.34               225.50                   13.375
3 November                230.72 XD            221.50 XD                10.125
1 December                243.96 XD            229.00 XD                 12.50
2015                                                                          
2 January                 234.40               224.00                    12.75
2 February                247.75               236.00                   11.625
2 March                   253.92               237.75                    12.00
30 March                  265.79               260.00                   21.125

Taxation

On exercise of the right to convert any Subscription Shares into Ordinary
Shares, the Ordinary Shares issued pursuant to the Subscription Share Rights
will be treated as the same asset in respect of which the Subscription Share
Rights are exercised. The base cost of each such Ordinary Share will be the
deemed base cost of the Subscription Share that it replaces, plus the
Subscription Price. Further information relating to taxation can be found at
Part VI of the Prospectus.

Barbara Powley
BlackRock Investment Management (UK) Limited
Secretary
                                                                                                                                                                                                                                          ger's website nor the contents of any website accessible from the
hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.