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 21 February 2012 was:

187.28p Capital only (undiluted)
186.59p Capital only (Diluted for subscription shares)
187.28p Including current year income (undiluted)
186.59p Including current year income (Diluted for subscription shares)
186.59p Capital only (Diluted for subscription shares and treasury shares)
186.59p 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 conversion of subscription shares on Tuesday 7 February
2012, the Company's share capital now comprises 97,614,054 ordinary shares
(including 2,734,952 ordinary shares held in treasury) and 18,336,723
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).