Net Asset Value(s)

NET ASSET VALUE

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Following developments in the US overnight and the closure of financial
exchanges due to Hurricane Sandy, the US equity exchanges were closed on 30
October 2012. Given that there are no official prices for many US traded
securities, today's NAV has been calculated using the closing bid market prices
of US listed securities on Friday, 26 October 2012.

The unaudited net asset values for BlackRock Greater Europe Investment Trust
plc at close of business on 30 October 2012 were:

190.83p Capital only (undiluted)
189.55p Capital only (Diluted for subscription shares)
189.55p Capital only (Diluted for subscription shares and treasury shares)
190.85p Including current year income (undiluted) XD
189.56p Including current year income (Diluted for subscription shares) XD
189.56p Including current year income (Diluted for subscription shares and
treasury shares) XD

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).