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 2015 were:

257.91p  Capital only (undiluted)
256.26p  Capital only (Diluted for subscription shares)
256.26p  Capital only (Diluted for subscription shares & treasury shares)
257.86p  Including current year income (undiluted) XD
256.22p  Including current year income (Diluted for subscription shares) XD
256.22p  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).