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 1 December 2011 was:

169.81p Capital only (undiluted)
169.81p Including current year income (undiluted) XD
169.81p Capital only (Diluted for subscription shares)
169.81p Including current year income (Diluted for subscription shares) XD
169.81p Capital only (Diluted for subscription shares and treasury shares)
169.81p 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).