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 23 May 2012 were:

164.21p Capital only (undiluted)
164.21p Capital only (Diluted for subscription shares)
164.21p Capital only (Diluted for subscription shares and treasury shares)
168.58p Including current year income (undiluted)
168.58p Including current year income (Diluted for subscription shares)
168.58p 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 conversion of 32,904 Subscription Shares into Ordinary shares
on 9 May 2012 the Company's issued share capital now comprises 121,802,604
Ordinary Shares, 2,734,952 Treasury Shares and 23,500,217 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).