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 8 October 2012 were:

191.85p Capital only (undiluted)
190.40p Capital only (Diluted for subscription shares)
190.40p Capital only (Diluted for subscription shares and treasury shares)
196.79p Including current year income (undiluted)
194.53p Including current year income (Diluted for subscription shares)
194.53p 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. Following the conversion of 16,204 Subscription Shares into Ordinary shares
on 8 August 2012 the Company's issued share capital now comprises 119,793,123
Ordinary Shares, 4,760,637 Treasury Shares and 23,484,013 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).