Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES OF AMERICA,
CANADA, AUSTRALIA OR JAPAN.

BLACKROCK GREATER EUROPE INVESTMENT TRUST plc (the "Company")

Tender offer to purchase up to 20 per cent. of the ordinary shares in issue of
the Company

As part of their discount control mechanism, the Directors have resolved to
implement a tender offer in May. The tender offer will enable shareholders to
tender all or part of their ordinary shares for cash, subject to a maximum of
20 per cent. in aggregate of the ordinary shares in issue (excluding treasury
shares). The tender offer calculation date will be 31 May 2013, and the tender
price will be 98 per cent. of the diluted net asset value per share. The
record date for shareholders for this tender offer is the close of business on
25 March 2013.

The Board intends to post a circular to shareholders at the end of April
containing details of the tender offer and the procedure for tendering shares.

Shareholders should place no expectation or reliance on the Board exercising
its discretion to operate a periodic tender offer on any one occasion in the
future.

25 March 2013

Enquiries:

BlackRock Investment Management (UK) Limited
Simon White - 020 7743 5284
Caroline Driscoll - 020 7743 2427

Cenkos Securities plc
Will Rogers - 020 7397 1920
Sapna Shah - 020 7397 1922