Net Asset Value(s)

NET ASSET VALUE

MERRILL LYNCH GREATER EUROPE INVESTMENT TRUST PLC


The unaudited net asset value for Merrill Lynch Greater Europe Investment Trust plc 
at close of business on 18 May 2007 was:

192.14p Undiluted

192.14p Diluted NAV incorporating treasury shares


1. Investments have been valued on a bid price basis.

2. 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 ICV (Topic 3).

3. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date

4. The undiluted net asset value above has been calculated based on 124,729,045 ordinary shares.

5. 5,509,887 ordinary shares held in treasury from 4 December 2006.