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 which 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 June 2015 (being the succeeding
business day to 31 May 2015), 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 30 March 2015.

The Board intends to post a circular to shareholders at the beginning of May
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.

30 March 2015

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