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 1 December 2014 were:

243.45p Capital only (undiluted)
243.45p Capital only (Diluted for subscription shares)
243.45p Capital only (Diluted for subscription shares & treasury shares)
243.96p Including current year income (undiluted) XD
243.96p Including current year income (Diluted for subscription shares) XD
243.96p 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 9,613 subscription shares into ordinary shares
on 11 November 2014, the Company's issued share capital now comprises of
108,837,671 Ordinary Shares (excluding 5,429,676 Treasury Shares) and
20,638,235 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).