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 29 September 2010 was:

187.75p Capital only (undiluted)
191.39p Including current year income (undiluted)
186.96p Capital only (Diluted for subscription shares)
189.99p Including current year income (Diluted for subscription shares)
186.96p Capital only (Diluted for subscription shares and treasury shares)
189.99p Including current year income (Diluted for subscription shares and
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 99,042,423
ordinary shares excluding 2,642,046 shares held in treasury. The Company also has
19,806,520 subscription shares in issue.

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).