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 11 May 2011 was:

217.03p Capital only (undiluted)
221.83p Including current year income (undiluted)
211.53p Capital only (Diluted for subscription shares)
215.55p Including current year income (Diluted for subscription shares)
211.53p Capital only (Diluted for subscription shares and treasury shares)
215.55p 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 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).