Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 May 2009

To the members of BlackRock Greater Europe Investment Trust plc

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. It
should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 March 2009 to 31
May 2009, and contains information that covers this period, and up to the date
of publication of this interim management statement. Please note more detailed
performance information, in particular the March, April and May 2009 month end
announcements are available on the Manager's website -www.blackrock.co.uk/its.

The Company invests in a combination of large, mid and small capitalisation
European companies, together with some investment in the developing markets of
Europe. The portfolio is managed by Vincent Devlin & Samuel Vecht of BlackRock.


Stock Performance

Cumulative Performance (%):
                               One     Three       One     Three       From
                             Month    Months      Year     Years     Launch
                                                                           
Net Asset Value               3.1%     19.0%    -23.3%     -7.6%      45.9%
Share Price                   3.3%     14.2%    -25.4%     -9.4%      33.0%
FTSE World Europe ex UK       2.9%     24.2%    -25.3%     -8.5%      39.9%

All performance figures are in sterling terms on a total return basis.


Ten Largest Equity Holdings at 31 May 2009 (in alphabetical order)

ArcelorMittal
Banco Santander
BlackRock Eurasian Frontiers Hedge Fund
BNP Paribas
Credit Suisse
E.ON
Novo-Nordisk
Randstad
Statoilhydro
Telefónica


Financial position and performance as at 31 May 2009

Gross Assets (£m)*                          152.1
Short term borrowings (£m)                    5.4
                                                 
Net asset value per share**               137.31p    
Share Price                               125.00p
Ordinary Shares in Issue***           106,820,690
                                                 
Actual Gearing                               3.6%
Discount to NAV                              9.0%
Average Discount over the Period             8.2%

* Including current year revenue
** Including net revenue of 3.11p
*** Excluding 5,568,268 shares held in treasury


Material Events & Transactions

Following the semi-annual tender offer on 1 June 2009, 1,696,092 shares were
bought back and placed in treasury on 3 June 2009. In addition, 5,568,268
shares which were placed in treasury following the December 2008 tender were
cancelled on 2 June 2009. There were no other material events or transactions,
other than the purchase and sale of securities undertaken in the normal course
of business.

The Board is not aware of any significant events or transactions, except as
disclosed herein, occurring between 31 May 2009 and the date of publication of
this interim management statement which would have a material impact on the
financial position of the Company. Latest information is available by typing, 
www.blackrock.co.uk/its on the internet, "BLRKINDEX" on Reuters, "BLRK" on
Bloomberg or "8800" on Topic 3 (ICV terminal).

Contact details:
Caroline Driscoll
Secretary
Tel: [phone]

16 July 2009