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 28 June 2011 was:

210.44p Capital only (undiluted)
216.98p Including current year income (undiluted)
205.97p Capital only (Diluted for subscription shares)
211.45p Including current year income (Diluted for subscription shares)
205.97p Capital only (Diluted for subscription shares and treasury shares)
211.45p 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 95,205,963
ordinary shares. The Company also has 18,515,026 subscription shares in issue.
Following the recent tender offer the Company has bought back 2,229,788 ordinary
shares to be held in treasury.