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 17 April 2009 was:

127.47p Capital only (undiluted)

128.62p Including current year income (undiluted)

127.47p Capital only (treasury shares)

128.62p 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 106,820,690
ordinary shares, excluding 5,568,268 shares currently held in Treasury.

4. 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).

5. Today's NAV includes an adjustment of £168k representing VAT recovered as a
result of the JPMorgan Claverhouse VAT case. This VAT recovery has been
allocated 20% to revenue and 80% to capital in accordance with the original
allocation of the management fees. The impact on the NAV is estimated to be an
increase of approximately 10 basis points.