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 24 June 2016 were:

258.85p  Capital only (undiluted)
258.85p  Capital only (Diluted for treasury shares)
262.01p  Including current year income (undiluted)
262.01p  Including current year income (Diluted for 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 buyback of 50,000 ordinary shares on 23 June 2016, the Company now has 102,703,113 Ordinary Shares in issue (excluding 7,625,825 Ordinary Shares which are held in Treasury).

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).

5.       This valuation includes a downward fair value adjustment of 5.0% to the Company's investments in Sweden and Finland which were closed for business on Friday 24 June 2016. This fair value adjustment rate was derived from movements in European markets on Friday. Post this revaluation Sweden and Finland represents approximately 520bps (5.20%) and 750bps (7.50%), respectively, of the Company's net assets.