Net Asset Value(s)

NET ASSET VALUE

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

The unaudited net asset value for BlackRock Greater Europe Investment Trust plc
at close of business on 16 February 2009 was:

126.25p Capital only (undiluted)

126.72p Including current year income (undiluted)

126.25p Capital only (treasury shares)

126.72p Including current year income (diluted for treasury shares)

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

3. The undiluted net asset value above has been calculated based on 112,388,958
ordinary shares.

4. Following the cancellation on 2 December 2008 of 2,728,833 shares previously
held in treasury and the subsequent implementation of the tender offer on 3
December 2008, 5,568,268 shares are now held in Treasury.

5. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the BlackRock managed
Investment Trusts, see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).