Net Asset Value(s)

Merrill Lynch Greater Europe IT PLC
15 May 2007


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 14 May 2007 was:

188.75p Undiluted
188.75p Diluted NAV incorporating treasury shares


1. Investments have been valued on a bid price basis.

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

3.  Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date

4. The undiluted net asset value above has been calculated based on 124,729,045
ordinary shares.

5. 5,509,887 ordinary shares held in treasury from 4 December 2006.



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