Net Asset Value(s)

NET ASSET VALUE

MERRILL LYNCH GREATER EUROPE INVESTMENT TRUST PLC

The unaudited net asset value for Merrill Lynch Greater Europe Investment Trust
plc at close of business on 1 February 2008 was:

177.57p Capital only (undiluted)

177.57p Capital only (Treasury Shares)

177.54p Including current year income (undiluted)

177.54p Including current year income (diluted NAV incorporating 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. 4,885,076 shares which were held in treasury following the implementation of
the tender offer on 4 June 2007 have now been cancelled. The resultant issued
share capital of the company is now 115,117,791 ordinary shares (excluding
4,726,178 ordinary shares held in Treasury following the November 2007 Tender
Offer).

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).