Statement re Subscription Shares

BlackRock Greater Europe Investment Trust plc

Subscription Shares

The Board of BlackRock Greater Europe Investment Trust plc ('the Company') is
considering a bonus issue of Subscription Shares to shareholders in Q2 2013.

Following a number of years of regular semi-annual tender offers, the number of
shares in issue has decreased, reducing the market capitalisation of the
Company. The Board considers that an issue of Subscription Shares, which may in
due course increase the number of shares in issue, may improve the liquidity of
the Company's shares in the market to the advantage of shareholders and may
further represent an attractive option for shareholders to subscribe in future
for additional Ordinary Shares in the Company.

It is expected that a General Meeting of the Company will be convened in April
to consider such proposal.

29 January 2013

Enquiries:

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

Cenkos Securities plc                        - 020 7397 8900
Will Rogers
Dion Di Miceli