Result of Tender offer

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

19 November 2007

               Merrill Lynch Greater Europe Investment Trust plc               

                          Results of the Tender Offer                          

Background

The Company offered to repurchase up to 20 per cent of its issued Ordinary
Shares (excluding any Shares held in treasury) (119,843,969).

The Tender Offer was under subscribed and 5,629,774 Ordinary Shares (4.69% of
the issued Ordinary Shares excluding Shares held in treasury) were tendered.
The Tender will be satisfied in full.

Expected timetable of events

Calculation date                         close of business on 30 November 2007
Tender price announced                   3 December 2007
Cheques despatched and payments
made through CREST                       as soon as practicable after 5 December 2007
Balancing Ordinary Share certificates
despatched and CREST accounts settled    as soon as practicable after 5 December 2007

Definitions

Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.

Enquiries

BlackRock Merrill Lynch Investment Managers   020 7743 3000
Jonathan Ruck Keene
Caroline Driscoll

UBS Investment Bank
Joe Winkley                                   020 7567 8000

UBS Limited is acting for the Company in connection with the Tender Offer and
no one else and will not be responsible to anyone other than the Company for
providing the protections offered to clients of UBS Limited nor for providing
advice in relation to the Tender Offer.