Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 30 November 2008

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 2008
to 30 November 2008, 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 September, October and
November 2008 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       From
                                 Month     Months       Year     Launch
                                                                       
Net Asset Value                  -0.1%     -23.2%     -31.3%      35.4%
Share Price                      -5.3%     -24.8%     -34.4%      22.4%
FTSE World Europe ex UK          -1.7%     -27.2%     -33.6%      24.6%

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


Ten Largest Equity Holdings at 30 November 2008(in alphabetical order)

BlackRock Eurasian Frontiers Hedge Fund
BNP Paribas
ENI
Koninklijke
Nestlé
Novartis
Roche
Sanofi-Aventis
Telefonica
Zurich Financial Services


Financial position and performance as at 30 November 2008

Gross Assets (£m)                          143.20
Short term borrowings (£m)                    n/a
                                                 
Net asset value                           127.41p    
Share Price                               115.00p
Ordinary Shares in Issue*             112,388,958
                                                 
Actual Gearing                                n/a
Discount to NAV                              9.7%
Average Discount over the Period             6.7%

* Excluding 2,728,833 shares held in treasury


Material Events & Transactions

Following the semi-annual tender offer on 1 December 2008, 5,568,268 shares
were bought back and placed in treasury on 3 December 2008. In addition
2,728,833 shares which were placed in treasury after the May 2008 tender were
cancelled on 3 December 2008.

The Board is not aware of any significant events or transactions, except as
disclosed herein, occurring between 30 November 2008 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]

28 January 2009