Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 May 2013

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 2013 to 
31 May 2013, and contains information that covers this period, and up to the
date of publication of this interim management statement.

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 Investment Management (UK) Limited.


Stock Performance

Cumulative Performance (%):
                                One      Three       One     Three       Since
                              Month     Months      Year     Years      Launch
                                                                   (20 Sep 04)
                                                                              
Net Asset Value (Undiluted)    3.8%       3.5%     43.3%     49.0%      177.2%
Net Asset Value (Diluted)      3.4%       3.1%     42.8%     48.5%      176.3%
Share Price                    3.7%       1.0%     43.7%     53.4%      164.1%
FTSE World Europe ex UK        3.2%       5.0%     43.3%     34.9%      116.0%

Sources: BlackRock and DataStream

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


Ten Largest Equity Holdings at 31 May 2013 (in alphabetical order)

Anheuser Busch
Bayer
Cie Financière Richemont
Continental
Novo Nordisk
Roche
Sanofi
Société Générale
Swiss Re
Zurich Insurance


Financial position and performance as at 31 May 2013

Total Assets (£m) (including income)                                  307.7
Short term borrowings (£m)                                             30.7
                                                                           
Net asset value per share (undiluted and including income)          238.18p
Net asset value per share (diluted for subscription shares                 
and including income)                                               237.31p
Share Price                                                         225.75p
Ordinary Shares in Issue*                                       116,285,355
Subscription Share Price                                             20.00p
Subscription Shares in Issue                                     23,254,813
                                                                           
Actual Net Gearing                                                    11.1%
Discount to NAV (including income)                                     5.2%
Discount to NAV (including income and diluted for
subscription shares)                                                   4.9%
Average Discount over the Period - Undiluted                           4.8%
Average Discount over the Period - Diluted                             4.7%

* Excluding 6,052,299 shares held in treasury


Material Events & Transactions

The Company announced its half yearly financial results for the six months
ended 28 February 2013 on 22 April 2013.

On 19 April 2013, the Company issued and allotted 23,254,813 subscription
shares to shareholders of the Company by way of a bonus issue.

Following the implementation of the tender offer on 10 June 2013, 7,636,639
ordinary shares were bought back and cancelled. In addition, the Company
cancelled 333,946 ordinary shares held in treasury on that date. Following the
implementation of the tender offer, the Company has 114,367,069 ordinary shares
in issue including 5,718,353 ordinary shares held in treasury.

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 2013 and the date of publication of
this interim management statement which would have a material impact on the
financial position of the Company.

Contact details:
Caroline Driscoll
Secretary
Tel: [phone]

15 July 2013

ENDS

Please note more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/brge. Neither the contents of
the Manager's website not the contents of any website accessible from
hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.