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 1 December 2010 was:

194.65p Capital only (undiluted)
195.04p Including current year income (undiluted) XD
192.79p Capital only (Diluted for subscription shares)
193.12p Including current year income (Diluted for subscription shares) XD

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 99,871,041
ordinary shares. As previously announced, on 1 December 2010 the Company cancelled 
2,642,046 Ordinary Shares held in Treasury, and as at 1 December no shares were held
in Treasury.
 
Following implementation of the Tender Offer, effective 2 December 2010, the Company 
will have 99,871,041 shares in issue which will include 2,898,166 Ordinary Shares which 
will be taken into Treasury.                                    

Following the conversion of 828,618 subscription shares on 8 November 2010, the
Company has 18,977,902 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).