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 2014 were:

247.88p Capital only (undiluted)
247.88p Capital only (Diluted for subscription shares)
247.88p Capital only (Diluted for subscription shares & treasury shares)
250.10p Including current year income (undiluted) XD
249.77p Including current year income (Diluted for subscription shares) XD
249.77p including current year income (Diluted for subscription shares & treasury shares) XD

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 1,239,937 subscription shares into ordinary
shares on 9 May 2014, the Company's issued share capital now comprises of 108,815,767 
Ordinary Shares (excluding 5,429,676 Treasury Shares) and 20,660,139 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).