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 February 2016 were:

253.57p  Capital only (undiluted)
252.65p  Capital only (Diluted for subscription shares)
252.65p  Capital only (Diluted for subscription shares & treasury shares)
253.40p  Including current year income (undiluted)
252.50p  Including current year income (Diluted for subscription shares)
252.50p  Including current year income (Diluted for subscription shares &
treasury shares)

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).