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 15 June 2012 were:

167.40p Capital only (undiluted)
167.40p Capital only (Diluted for subscription shares)
167.40p Capital only (Diluted for subscription shares and treasury shares)
172.30p Including current year income (undiluted)
172.30p Including current year income (Diluted for subscription shares)
172.30p 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 implementations of the May 2012 Tender Offer the Company's issued
share capital now comprises 119,776,919 Ordinary Shares, 9,760,637 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).