Result of Tender offer

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

19 November 2012

                 BlackRock Greater Europe Investment Trust plc                 

                          Results of the Tender Offer                          

Background

The Company offered to repurchase up to 20 per cent. (24,189,415) of its issued
Ordinary Shares excluding any Shares held in treasury (120,947,078).

The Tender Offer was undersubscribed and 4,661,723 Ordinary Shares representing
3.85% of the issued Ordinary Shares (excluding treasury shares) were tendered.
The Tender will be satisfied in full.

Expected timetable of events

Calculation date                close of business on 30 November 2012

Tender price announced          3 December 2012

Cheques despatched and
payments made through
CREST                           as soon as practicable after 5 December 2012

Balancing Ordinary Share
certificates despatched
and CREST accounts settled      as soon as practicable after 5 December 2012

Definitions

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

Enquiries

BlackRock Investment Management (UK) Limited 020 7743 3000
Simon White
Caroline Driscoll

Cenkos Securities plc 020 7397 8900
Will Rogers
Sapna Shah

Cenkos Securities plc 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 Cenkos Securities
plc nor for providing advice in relation to the Tender Offer.