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 16 January 2012 was:

172.02p Capital only (undiluted)
172.02p Including current year income (undiluted)
172.02p Capital only (Diluted for subscription shares)
172.02p Including current year income (Diluted for subscription shares)
172.02p Capital only (Diluted for subscription shares and treasury shares)
172.02p 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 latest tender offer for 1,495,164 shares on Friday 2 December
2011 the Company's share capital now comprises 97,608,052 ordinary shares
(including 2,734,952 ordinary shares held in treasury) and 18,342,725
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).