Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 30 November 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 September 2013
to 30 November 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 and Samuel Vecht of 
BlackRock Investment Management (UK) Limited.

Stock Performance

Cumulative Performance (%):
                                One     Three      One    Three       From
                              Month    Months     Year    Years     Launch
                                                                        
Net Asset Value (Undiluted)    0.4%      8.4%    28.0%    41.4%     196.2%
Net Asset Value (Diluted)      0.4%      7.4%    26.7%    40.8%     193.2%
Share Price                   -0.6%      7.0%    29.7%    42.2%     186.5%
FTSE World Europe ex UK       -0.7%      8.2%    26.9%    35.8%     130.7%

All performance figures are in sterling terms on a total return basis.
(Sources: BlackRock and Datastream)

Ten Largest Equity Holdings at 30 November 2013 (in alphabetical order)

Bayer
Continental
ING
Novo Nordisk
Reed Elsevier
Roche
Sanofi
Société Générale
Swiss Re
Zurich Insurance

Financial position and performance as at 30 November 2013

Total Assets (including income)                                 £272.9m
Short term borrowings                                               Nil
                                                                       
Net asset value per share (undiluted and including income)      248.98p
Net asset value per share (diluted for Subscription
Shares and including income)                                    246.28p
Share Price                                                     239.50p
Subscription Share Price                                         32.00p
Ordinary Shares in Issue*                                   109,591,474
Subscription Shares in Issue                                 22,312,055
                                                                       
Actual Gearing                                                      Nil
Discount to NAV (including income)                                 3.8%
Discount to NAV (including income and diluted for
Subscription Shares)                                               2.8%
Average Discount over the Period - Undiluted                       4.0%
Average Discount over the Period - Diluted                         3.1%

* Excluding 5,718,353 shares held in treasury

Material Events & Transactions

Following the second opportunity for holders of subscription shares to convert
their subscription shares, 872,263 subscription shares were converted into
ordinary shares on 7 November 2013.

Following the semi-annual tender offer on 30 November 2013, 2,627,623 shares
were bought back on 9 December 2013 and cancelled. The Company also cancelled
88,677 shares which were 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.

Annual Report

The Company announced its annual results for the year ended 31 August 2013 on
21 October 2013.

Dividend

A final dividend in respect of the year ended 31 August 2013 of 4.50p per
Ordinary Share was recommended by the Directors and approved by shareholders at
the Annual General Meeting held on 4 December 2013. A special dividend of 1.00p
per Ordinary Share was also declared by the Directors. The dividends were paid
on 13 December 2013 to shareholders on the register on 1 November 2013 (ex
dividend date 30 October 2013).

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

14 January 2014

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 Investment Manager's website not the contents of any website accessible
from hyperlinks on the Investment Manager's website (or any other website) is
incorporated into, or forms part of, this announcement.