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 8 October 2008 was:

127.57p Capital only (undiluted)

131.39p Including current year income (undiluted)

127.57p Capital only (treasury shares)

131.39p 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 115,117,791
ordinary shares.

4. Following the implementation of the tender offer on 4 June 2008, 2,728,833
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).