Net Asset Value(s)

NET ASSET VALUE

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Greater Europe Investment Trust
plc at close of business on 23 November 2011 was:

157.97p Capital only (undiluted)
157.97p Including current year income (undiluted) XD
157.97p Capital only (Diluted for subscription shares)
157.97p Including current year income (Diluted for subscription shares) XD
157.99p Capital only (Diluted for subscription shares and treasury shares)
157.99p Including current year income (Diluted for subscription shares and
treasury 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. Following the conversion of 8,950 shares on Monday 7 November 2011 the
Company's share capital now comprises 97,608,052 ordinary shares (including
1,239,788 ordinary shares held in treasury) and 18,342,725 subscription shares.
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).