Net Asset Value(s)

Merrill Lynch Greater Europe IT PLC
03 January 2006

NET ASSET VALUE

MERRILL LYNCH GREATER EUROPE INVESTMENT TRUST PLC

The unaudited net asset value for Merrill Lynch Greater Europe Investment Trust 
plc at close of business on 30 December 2005 was:

145.10p Undiluted
145.10p Diluted NAV incorporating treasury shares


1. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the Merrill Lynch
Investment Trusts, see MLIMINDEX on Reuters or page 8800 on ICV (Topic 3).

2. The undiluted net asset value above has been calculated based on 132,705,096
ordinary shares, which reflects the tendering of 24,426,938 ordinary shares on 2
June 2005 and 7,709,251 ordinary shares on 1 December 2005.

3. Treasury shares are not currently dilutive.  7,020,000 ordinary shares are
held in treasury.



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