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 25 October 2011 was:

173.45p Capital only (undiluted)
179.38p Including current year income (undiluted)
173.45p Capital only (Diluted for subscription shares)
179.38p Including current year income (Diluted for subscription shares)
173.45p Capital only (Diluted for subscription shares and treasury shares)
179.38p 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 250,000 ordinary shares on Wednesday 5 October 2011 we
now have 1,239,788 ordinary shares in treasury. The number of ordinary shares
that the Company has in issue following this sale, is 97,599,102 including
1,239,788 ordinary shares 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).