Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 30 November 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 September 2009
to 30 November 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 is 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       From
                                 Month     Months       Year     Launch
Net Asset Value                   4.1%       6.2%      38.6%      87.6%
Share Price                       2.0%      10.2%      47.3%      80.3%
FTSE World Europe ex UK           3.5%       5.4%      36.5%      70.0%

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

Ten Largest Equity Holdings at 30 November 2009 (in alphabetical order)

Anheuser-Busch
BNP Paribas
EFG Eurobank
Kuehne + Nagel
Legrand
Nestlé
Novartis
Telefónica
Teliasonera
Total

Financial position and performance as at 30 November 2009

Gross Assets (£m)                           189.6
Short term borrowings (£m)                    7.4
                                                 
Net asset value per share*                173.31p
Share Price                               166.25p
Ordinary Shares in Issue**            105,124,598
                                                 
Actual Gearing                               3.9%
Discount to NAV***                           4.1%
Average Discount over the Period             5.1%

* Includes net revenue of 0.12p
** Excluding 1,696,092 shares held in treasury
*** Includes income

Material Events & Transactions

Following the semi-annual tender offer on 1 December 2009, 3,440,129 shares
were bought back and placed in treasury on 2 December 2009. In addition
1,696,092 shares which were placed in treasury after the May 2009 tender were
cancelled on 1 December 2009.

The Board is not aware of any significant events or transactions, except as
disclosed herein, occurring between 30 November 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]

14 January 2010