Tender Offer

Merrill Lynch Greater Europe IT PLC
01 December 2005

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

01 December 2005



               Merrill Lynch Greater Europe Investment Trust plc

                         Results of the Tender Offer



Background



The Company offered to repurchase up to 20 per cent of its issued ordinary
shares (140,414,347).



The Tender Offer was under subscribed and 7,709,251 shares (5.49% of the issued
shares) were tendered.  The tender will be satisfied in full.



689,251 shares purchased under the Tender Offer are to be cancelled and the
remaining 7,020,000 will be held in treasury.  The resultant total number of
ordinary shares held in treasury by the Company is 7,020,000.  Following the
Tender Offer the number of ordinary shares that the Company has in issue, less
the total number of shares held by the Company in treasury, is 132,705,096.





Tender Price



The Tender Price calculated as at close of business on 30 November 2005 (the '
Calculation Date') was 133.44 pence per share.



Payments to Shareholders by cheque, in the case of certificated holders, will be
made in pounds sterling and are expected to be paid on or as soon as practicable
after 6 December 2005.



Payments through CREST, in the case of uncertificated holders, will be made in
pounds sterling and are expected to be paid on or as soon as practicable after 6
December 2005.



Balancing share certificates will be despatched and CREST accounts will be
settled on or as soon as practicable after 6 December 2005.



Definitions

Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.



Enquiries


Merrill Lynch Investment Managers                       020 7743 3000
Jonathan Ruck Keene
Caroline Driscoll

UBS Investment Bank                                     020 7568 2939
Will Rogers




UBS Limited is acting for the Company in connection with the Tender Offer and no
one else and will not be responsible to anyone other than the Company for
providing the protections offered to clients of UBS Limited nor for providing
advice in relation to the Tender Offer.


                      This information is provided by RNS
            The company news service from the London Stock Exchange