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 the tender offer in November. Over the six months to 31 August 2014,
the average discount to the fully diluted, cum income net asset value ('NAV')
was 2.6% and ranged from a discount of 6.0% to a premium of 0.1%. 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 1 December 2014 (being the succeeding business day to 30 November 2014),
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 19 September 2014.

The Board intends to post a circular to shareholders at the end of October
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.

19 September 2014

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