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 18 May 2015 were:

264.69p Capital only (undiluted)
261.97p Capital only (Diluted for subscription shares)
261.97p Capital only (Diluted for subscription shares & treasury shares)
267.46p Including current year income (undiluted) XD
264.29p Including current year income (Diluted for subscription shares) XD
264.29p 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 67,523 subscription shares into ordinary shares
on 8 May 2015, the Company now has 105,743,866 Ordinary Shares in issue,
(excluding 5,561,653 Ordinary Shares which are held in Treasury). The Company
also has 20,565,777 Subscription Shares in issue.

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).