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 9 May 2011 was:

216.36p Capital only (undiluted)
221.02p Including current year income (undiluted)
210.97p Capital only (Diluted for subscription shares)
214.88p Including current year income (Diluted for subscription shares)
210.97p Capital only (Diluted for subscription shares and treasury shares)
214.88p 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 97,208,326
ordinary shares.

Following the conversion of 235,451 subscription shares on 8 February 2011, the
Company has 97,208,326 ordinary shares and 18,742,451 subscription shares in
issue. The Company also has 2,898,166 ordinary shares in treasury.

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).