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 20 May 2016 were:

254.56p  Capital only (undiluted)
254.56p  Capital only (Diluted for treasury shares)
256.21p  Including current year income (undiluted) XD
256.21p  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 buyback of 100,000 ordinary shares on 18 May 2016, the
Company now has 102,903,113 Ordinary Shares in issue (excluding 7,425,825
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).