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 17 May 2016 were:

255.30p  Capital only (undiluted)
255.30p  Capital only (Diluted for treasury shares)
256.93p  Including current year income (undiluted) XD
256.93p  Including current year income (Diluted for 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 exercise of Subscription Share Rights and the listing
of 516,197 Ordinary Shares, the Company now has 103,003,113 Ordinary Shares in
issue (excluding 7,325,825 Ordinary Shares which are held in Treasury). As
announced on 12 May 2016, Subscription Share Rights lapsed in respect of the
remaining 20,014,801 Subscription Shares on 13 May 2016. The remaining
Subscription Shares will be re-classified into Deferred Shares and their
listing will be cancelled at 8.00 a.m. on 1 June 2016 (unless otherwise
determined by the Company and announced by RNS).

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).