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 4 January 2011 was:

212.85p Capital only (undiluted)
213.34p Including current year income (undiluted)
207.96p Capital only (Diluted for subscription shares)
208.37p Including current year income (Diluted for subscription shares)
207.96p Capital only (Diluted for subscription shares and treasury shares)
208.37p 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 96,972,875
ordinary shares.

Following implementation of the Tender Offer, effective 2 December 2010, the
Company has 99,871,041 shares in issue which includes 2,898,166 Shares held in
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).