Net Asset Value(s)

Merrill Lynch Greater Europe IT PLC
16 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 15 May 2007 was:

190.11p Undiluted
190.11p 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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