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 21 May 2015 were:

264.54p Capital only (undiluted)
261.84p Capital only (Diluted for subscription shares)
261.84p Capital only (Diluted for subscription shares & treasury shares)
267.31p Including current year income (undiluted) XD
264.17p Including current year income (Diluted for subscription shares) XD
264.17p 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).