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 16 September 2011 was:

167.58p Capital only (undiluted)
174.75p Including current year income (undiluted)
167.58p Capital only (Diluted for subscription shares)
174.75p Including current year income (Diluted for subscription shares)
167.58p Capital only (Diluted for subscription shares and treasury shares)
174.75p 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 sale of 390,000 ordinary shares on Wednesday 17 August 2011 we
now have 1,739,788 ordinary shares in treasury. The number of ordinary shares
that the Company has in issue following this sale, is 95,859,314 excluding
shares held 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).