Result of Tender offer

Not for release, publication or distribution in or into the United States, Canada, Australia or Japan                                                                           
                                                                                                     
                                                                                                     
22 May 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 (130,238,932).                                                                                
                                                                                                     
The Tender Offer was under subscribed and 4,885,076 Ordinary Shares (3.75% of the issued Ordinary 
Shares) were tendered.  The Tender will be satisfied in full.                                                                
                                                                                                     
Expected timetable of events                                                                         
                                                                                                     
Calculation date                                          close of business on 31 May 2007           
Tender price announced                                    1 June 2007                                
Cheques despatched and payments made through CREST        as soon as practicable after 5 June 2007   
Balancing Ordinary Share certificates despatched and                                                 
CREST accounts settled                                    as soon as practicable after 5 June 2007   
                                                                                                     
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                              
Jonathan Ruck Keene                                                                                  
Caroline Driscoll                                                                                    
                                                                                                     
UBS Limited                                                                                          
Joseph 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.