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 16 December 2015 were:

255.42p  Capital only (undiluted) 
254.19p  Capital only (Diluted for subscription shares) 
254.19p  Capital only (Diluted for subscription shares & treasury shares) 
255.35p  Including current year income (undiluted) XD
254.13p  Including current year income (Diluted for subscription shares) XD
254.13p  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 November 2015 tender offer, the Company now has 
103,075,838 Ordinary Shares in issue (excluding 6,725,825 Ordinary Shares
which are held in Treasury).  The Company also has 20,542,076 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).