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 29 March 2012 was:

185.49p Capital only (undiluted)
185.09p Capital only (Diluted for subscription shares)
185.09p Capital only (Diluted for subscription shares and treasury shares)
186.31p Including current year income (undiluted)
185.77p Including current year income (Diluted for subscription shares)
185.77p 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 issue of 26,890,598 ordinary shares and 5,196,398 subscription
shares on Monday 27 February 2012 in connection with the recommended proposals
for the reconstruction and winding-up of Charter European Trust plc, the
Company's share capital now comprises 124,504,652 ordinary shares (including
2,734,952 ordinary shares held in treasury) and 23,533,121 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).